Telecom New Zealand's first quarter revenues received a boost from its new XT mobile network, but not enough to counter falls in most other revenue lines.
AAPT has posted strong first quarter earnings but its New Zealand owner predicts weaker performances ahead as the Australian telco continues to "reinvent" itself.
At Telstra's annual general meeting today, the telco's chief executive David Thodey today said it was facing challenging times as it sought to leverage its position as a "great Australian company" in the face of proposed legislation to split up its operations.
A year after losing its last chief executive, voice over internet provider Engin has filled the role internally.
Telecom New Zealand has reported a 43.9 per cent fall in full year net profit to NZ$398 million (AU$324.08 million), continuing a recent downward trend.
Iif the latest NBN scenario planning is right, David Thodey will have to accept that even an optimal outcome for both Telstra and the government will not deliver dramatic returns for Telstra's one million shareholders.
Singapore Telecommunications last week shed light on the difficult industry dynamics that lay ahead of VHA, the mobile phone business being formed from the merger of Vodafone Australia and Hutchison Telecommunications.
If Pacnet's offer for AAPT is genuine and on the terms laid out in the Reuters story, then Telecom New Zealand chief executive Paul Reynolds ought to agree to the offer as quickly as he can.
Hutchison are set to have 50,000 3G customers within two weeks, the company revealed today.
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