New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Telecom services / Thematic (Sector/Industry)

<ul><li>The Commerce Commission (ComCom) has just released its annual Telecommunications Monitoring report for the year ended June 2025.</li><li>The growth of MVNOs is also clear, they now have &gt;3% mobile connection market share with ARPUs ~-15% below the weighted average of mobile network operators (MNO).</li><li>Mobile churn is elevated, consistent with market share moving between operators.</li></ul>

The Commerce Commission (ComCom) has just released its annual Telecommunications Monitoring report for the year ended June 2025.The growth of MVNOs is also clear, they now have &gt;3% mobile connection market share with ARPUs ~-15% below the weighted average of mobile network operators (MNO).Mobile churn is elevated, consistent with market share moving between operators.

Telco Sector: ComCom Annual Telecommunications Report