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![NZ stocks: Telecom shares slump to new low](/pf/resources/images/placeholders/placeholder_l.png?d=796)
NZ stocks: Telecom shares slump to new low
Telecom shares sank to new a low on the NZ sharemarket today, while rises in Fletcher Building, Contact Energy and other leaders helped carry the market higher.
![Govt isn't anti-Telecom, says Joyce](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Govt isn't anti-Telecom, says Joyce
New Zealand's government isn't trying to undermine Telecom by bolstering rural broadband services, Communications Minister Steven Joyce says.
![Rural plan pushes Telecom to record low](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Rural plan pushes Telecom to record low
Telecom's stock price hit an all-time low yesterday after it told the market that its share of the Government's new rural broadband initiative would cost it $168 million over three years.