Tag Archives: Telecom

Telecom Corp is taking its spat with rival Vodafone New Zealand to the Commerce Commission after dropping threatened legal action over the ‘SuperNet’ ad campaign. Auckland-based Telecom has dropped High Court proceedings against its rival, saying Vodafone stopped “several aspects” of the ad campaign in its formal response to the action, and has dobbed in its competitor to the antitrust …

Telecom Corp’s dominance in the country’s retail broadband market and how it chooses to unbundle services on Chorus’ ageing copper network are central to the conundrum facing the Commerce Commission. The regulator has backed away from imposing a sharp cut to the regulated price Chorus can charge wholesale customers for access to the copper lines, and has released another paper …

New Zealand shares rose as Fisher & Paykel Healthcare benefited from a rival’s record earnings and investors pushed up market leaders Fletcher Building, Chorus and Telecom. The NZX Index rose 37.124 points, or 0.8 percent, to 4582.891. Within the index, 22 stocks rose, 12 fell and 16 were unchanged. Turnover was $100.9 million. F&P Healthcare rose 2.6 percent to $3.62 …

Telecom Corp, the country’s biggest phone company, is hoping to drive customers on to faster broadband services with a deal to offer discounted online access to the English Premier League football. The Auckland-based company will offer existing broadband customers a 15 percent discount for a $149.90 ‘season pass’ on Coliseum Sports Media’s PremierLeaguePass.com website, and new customers on mid-range plans …

Telecom, which is aiming to cut its workforce by as much as 16 percent this year, said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit. Adjusted earnings before interest, tax, depreciation and amortisation would be between $1.04 billion and $1.06 billion, the company said …

Telecom Corp, the country’s biggest telecommunications company, has bought local data centre firm Revera for $96.5 million as it looks to get greater coverage in the cloud and build IT services. The Auckland-based company will pay for Revera through its existing cash and borrowing lines, with the transaction expected to settle in May, it said in a statement. Revera reported …

Telecom Corp, the country’s biggest telecommunications company, has dumped the architect of its mobile network Alcatel-Lucent in favour of Chinese heavyweight Huawei to build its 4G infrastructure. The Auckland-based company picked Huawei due to its experience building 73 long-term evolution (LTE) mobile technology networks across 42 countries and because the Chinese telecommunications manufacturer is “truly pushing the boundaries of LTE …

Telecom Corp, which today launched its new services over the ultrafast broadband fibre network, wants to strip out as much as $110 million in annual costs by cutting up to 1,230 jobs. The country’s biggest phone company plans to reduce staff numbers to between 6,300 and 6,600 from 7,530 by the middle of this year through a sinking lid hiring …

Telecom Corp’s annual earnings face a material impact from a major overhaul of the business to become a data-driven and mobile-focused telecommunications operator, stripping out more costs and getting away from its old structure. Chief executive Simon Moutter told an analysts’ briefing that Telecom’s structure is still based on its vertically integrated history as both network owner and retailer, before …

Telecom Corp, the country’s biggest phone company, eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales. Stripping out one-off items from the Chorus demerger a year earlier, adjusted earnings before interest, tax, depreciation and amortisation rose to $506 million in in the six months ended Dec. 31 from …