The Government yesterday gave Telecom
approval to split its assets after structural separation,
described by Communications Minister Steven Joyce as the
first major step in the proposed demerger process.
Telecom, which plans to carve itself in two to tap government
funding for a national broadband network, wrote down the
value of its ageing copper lines by $257 million, more than
halving the company's annual profit.
The All Blacks have found themselves at the centre of a new
public relations controversy - this time over a humorous and
edgy Telecom-led advertising campaign to have fans abstain
from sex for the Rugby World Cup.