Telephoning, skyping, texting and emailing in Queenstown,
Frankton and Arrowtown on devices just became free and easy
thanks to a new service introduced by Telecom this summer.
Broadband services are returning for hundreds of thousands of
Telecom customers following an outage this morning.
Telecom was receiving plenty of praise around the blogosphere
yesterday after announcing it was slashing data roaming
charges for travellers using their smartphones and other
mobile devices overseas.
Change is inevitable for Telecom as it continues to face
intense competition in every market in which it operates, new
chief executive Simon Moutter says.
Telecom investors appeared frightened off yesterday by the
release of a complicated set of annual accounts, dumping the
stock and forcing the share price down 9% soon after the June
year profit was filed.
Successful cost reductions will be a key part of the new
Telecom's financial results for the six months to June
expected out tomorrow, Forsyth Barr broker Tom Bliss says.
Telecom's CDMA network officially closed last night and
Dunedin cellphone retailers have experienced a rush of
customers not wanting to be left without working cellphones.
Telecom has lost an appeal against a court ruling that
resulted in it being slapped with a $12 million penalty for
using its market dominance to kneecap competitors a decade
Telecom remained on track to deliver a second-half operating
profit of about $560 million, acting chief executive Chris
Quin said yesterday.
Telecom said it plans to de-list its shares from the New York
Stock Exchange (NYSE) and to re-list them on the Amercian
over the counter (OTC) market to save costs.
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