The New Zealand stock market pushed ahead to its highest
level in 19 months in early trading while market heavyweight
Telecom was placed on a trading halt.
Telecom has appointed Kieren Cooney, the chief executive of
its retail dealer partner Leading Edge NZ, as the new
director of its troubled mobile division.
Some mobile phone users have again struck problems with their
Telecom has warned it is in for a multimillion-dollar
earnings hit for three years as a result of the Government's
rural broadband plans confirmed yesterday.
Telecom says the Government's rural broadband plans will cost
it up to $56 million a year in earnings between 2011 and
New Zealand has much to be proud of in its gender equality
record, and with the marking on Monday this week of
International Women's Day, there is cause for celebration.
Telstraclear has joined fellow telco Vodafone in a push to
win new business from disillusioned Telecom XT mobile phone
Investors deserted Telecom yesterday, forcing the shares down
to a record low of $2.18 by mid-afternoon.
After recent troubles with the Telecom XT network, it was
landline problems which caused frustrating disruptions for
several Dunedin businesses and their customers yesterday.
A businessman has accused Telecom of "deliberately delaying"
connections for independent telecommunications providers in a
bid to win back customers.
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