Telecom has provided a teaser around its planned internet
television product ''Lightbox'', Forsyth Barr broker Andrew
A Telecom hardware failure that left many customers without
access to call centres, website, and other commercial
resources has now been fixed.
About 500 Telecom customers in the lower South Island have
had their ultrafast broadband service cut for the second time
in two weeks after the flooded Kakanui River severed a fibre
cable near Maheno.
Telecom has revealed its plan to provide movies and TV shows
to subscribers over the internet.
Telecom is changing its name to Spark and later this year
will launch ShowmeTV, a new internet television business, the
company announced yesterday.
Telecom's profit announcement yesterday was a good reality
check for the company with pressures from the legacy business
continuing to drag on it, Craigs Investment Partners broker
Chris Timms said.
Telecom plans to change its name later this year to Spark,
and move into the internet television market.
Hackers are using New Zealanders' email accounts to send out
thousands of spam messages, and Telecom admits it still
doesn't know the cause or scale of the problem.
On a normal Wanaka day, Telecom's mobile phone system handles
25,000 text messages.
Telecom's sale of its Australian business unit AAPT for $494
million is a good price and positive move for the company as
it looks to focus more on New Zealand, say analysts.
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