Declining fixed line segment sees TP revenues fall 3.8%

Telecom New Zealand shareholders have voted to approve the structural separation of the company, with 99.8% deciding in favour of the large-scale operational demerger. The news was reportedly broken to shareholders at the company’s Annual General Meeting at the Sky City convention centre in Auckland earlier today. Stuff.co.nz quotes chief executive Paul Reynolds as saying: ‘The shareholder vote marks a critical step in the creation of an entirely new structure for the telecommunications industry in New Zealand [More]

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