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
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.
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