Telecommunications company GDC is continuing to shed assets, with the sale of its application service provider business iVASP to Compass Communications for $850,000.
Settlement is set for March 10.
GDC said all iVASP personnel would be offered jobs with Compass.
Compass is a privately owned telecommunications and internet provider which has more than 35,000 business and residential customers.
Last month GDC sold its Voice Solution business to Cogent Communications for around $1.3 million.
GDC said today it was in "divestment discussions" for its Contracting Services operations, which is its sole remaining area of business.
- NZPA
GDC sells iVASP
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