Telecom

Telecom shares 'viciously sold'

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.

Cost reductions will be key to Telecom result

Cost reductions will be  key to Telecom result

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.

CDMA network closes; cellphone retailers busy

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 loses appeal against $12m penalty

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 ago.

Cost control remains focus for Telecom

Telecom remained on track to deliver a second-half operating profit of about $560 million, acting chief executive Chris Quin said yesterday.

Telecom plans to de-list on NYSE

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.

New CEO high-performance package

New CEO high-performance package

The appointment of Simon Moutter as the new chief executive of Telecom will have investors hoping for many happy returns as Mr Moutter returns to an industry he knows well.

Airport boss Moutter new Telecom CEO

Airport boss Moutter new Telecom CEO

Telecom has appointed Auckland International Airport chief executive Simon Moutter as its new CEO and managing director.

Deal will benefit business

Deal will benefit business

Otago-Southland businesses will be among the first to benefit from the deal between Telecom and Enable to deliver ultra-fast broadband (UFB) in Christchurch, Gen-i Southern sales manager Peter Thomas says.

Telecom to buy back $300 million worth of share

A newly-demerged Telecom reported an adjusted net profit of $240 million for the first half to December 31, up 51 percent, and said it would buy back $300m worth of shares this year.

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