Telecom

Telecom will be holding a much-anticipated investor day on Wednesday with the key issue facing the company being falling revenue from the fixed-line portion of its business, Milford Asset Management portfolio manager Jason Windust says.

Telecom's 4G mobile services will go live in Auckland in October and in Wellington and Christchurch by Christmas.

Queenstown, Dunedin and Invercargill are among the 16 centres in New Zealand that can expect access to ''Ultra Fibre'' in the next few months, Telecom says.

Telecom expects to cut up to 1230 jobs by the middle of the year and brokers say the speed of change from the listed company since new chief executive Simon Moutter was appointed is a surprise.

Telecom is slashing about 120 Gen-i Australia jobs as it starts to implement the new strategy announced at its half-year result release last month.

Telecom's first-half 2013 report today is likely be to scrutinised for its strategic outlook and review process, as much as its bottom-line result.

A second internet link out of New Zealand announced today will not address Telecom's "monopoly" on international connectivity, the Green Party says.

Telecom cancelled the passwords of about 60,000 Yahoo! Xtra email accounts on Saturday night to stop spam being sent from customers' accounts.

Telecom says the threat of regulation on roaming charges will not change its plans for more changes to rates for its customers travelling overseas.

Telecom is planning to upgrade its mobile data network in Wanaka this year.