About 500 Telecom customers in the lower South Island have had their ultrafast broadband service cut for the second time in two weeks after the flooded Kakanui River severed a fibre cable near Maheno.
Telecom's profit announcement yesterday was a good reality check for the company with pressures from the legacy business continuing to drag on it, Craigs Investment Partners broker Chris Timms said.
Hackers are using New Zealanders' email accounts to send out thousands of spam messages, and Telecom admits it still doesn't know the cause or scale of the problem.
Telecom's sale of its Australian business unit AAPT for $494 million is a good price and positive move for the company as it looks to focus more on New Zealand, say analysts.
Ethnic diversity, youth and business cloud computing services are at the forefront of Telecom's rebranding as it focuses on building market share, Telecom chief executive Simon Moutter says.
Telecom failed to excite the market yesterday with its June-year profit announcement, but it did give investors certainty the 16c-per-share dividend would remain in place for at least another two years.
Telecom has joined with Coliseum Sports Media to offer customers access to English Premier League football matches through its broadband network, but the deal is not exclusive.
Queenstown and Wanaka residents should be able to access superfast content and information on the move on 4G-capable devices when Vodafone launches 4G today.
Telecom will be holding a much-anticipated investor day on Wednesday with the key issue facing the company being falling revenue from the fixed-line portion of its business, Milford Asset Management portfolio manager Jason Windust says.
Queenstown, Dunedin and Invercargill are among the 16 centres in New Zealand that can expect access to ''Ultra Fibre'' in the next few months, Telecom says.
Telecom expects to cut up to 1230 jobs by the middle of the year and brokers say the speed of change from the listed company since new chief executive Simon Moutter was appointed is a surprise.