Telecom has scored something of a coup, being selected for
preferred negotiations for the ultra-fast broadband (UFB)
initiative and the spin-off for investors could be the
listing of Chorus on the NZX.
The possibility of Telecom being entirely excluded from the
Government's ultra fast broadband initiative (UFB) still
remains and is not diminishing, Forsyth Barr broker Suzanne
Kinnaird says.
Competition to provide urban broadband speeds to rural New Zealand heated up yesterday as bids to the Ministry of Economic Development closed. Business editor Dene Mackenzie looks at what is on offer.
Telecom's forecast after-tax profit for its first-quarter
trading is expected to come in at $84 million to $87 million
when it reports today, brokers Craigs Investment Partners and
Forsyth Barr say.
The Commerce Commission is investigating whether Telecom's
Wholesale business unit is likely to have discriminated
against telecommunications providers in favour of Telecom's
Retail arm.
Telecom yesterday laid down a challenge to the Government to
involve the company in the ultra-fast broadband project and
avoid unnecessary duplication.
A motorist's encounter with the malfunctioning text-to-pay
service of a Dunedin parking machine is a glitch, and not a
system-wide fault, the Dunedin City Council says.
The structural separation of Telecom would be a major change
for the telecommunications industry and the Government is
seeking public feedback on what the regulatory impact would
be, Communication and Information Minister Steven Joyce says.
Changes to the rules surrounding the Government's rural
broadband initiative (RBI) could cause a battle for market
supremacy between Telecom and Auckland-based energy company
Vector.
Telecom chief executive Paul Reynolds finally got to deliver
some good news to the market when the telecommunications
company reported its earnings for the year to June 20.
