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.
NZ Opposition Labour MP Clare Curran says she has it on good authority that Communications Minister Steven Joyce met Telecom NZ CEO Paul Reynolds last week and discussed the possibility of the incumbent structurally separating its business.
The telecommunications industry seems to be wreathed in euphoric mist after today's announcement which looks to lead to Telstra's separation, but there are still voices of caution to be heard.
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.
Telecom needs to quickly jettison the forced Visionstream owner-operator deal for lines techies if it cares about its image.
Smack down: it seems the Independent Oversight Group (IOG) set up to keep an eye on Telecom NZ's regulatory undertakings as part of the operational separation of its business takes its task seriously.
Telecom New Zealand yesterday launched its new XT 3G mobile network at a ritzy event in Auckland. But the network hasn't gone live yet, which is likely due to new hardware being installed to curb interference that is causing rival Vodafone a headache.
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.
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