Telecom, which last week separated from its network business, Chorus, said it would review its capital structure.
The company said its board had endorsed a review to ensure Telecom's capital structure is appropriate.
Telecom said in a September 13 de-merger scheme booklet that it intended to adopt a capital structure consistent with maintaining an "A band'' credit rating.
"Post demerger, scope exists for some form of capital management, while still maintaining an A band rating,'' the company said in a statement.
Telecom said it expects to provide more information relating to its capital structure in February, 2012.
