Telecom has withdrawn its international voice business from sale after failing to attract a suitable price.

Consumers already under stress from rising prices are about to face another double whammy from two of our biggest companies.

Telecom has been hit with a $12m penalty, the highest imposed under the Commerce Act, for anti-competitive conduct dating back to 2001. The High Court found that from 2001 to 2004 Telecom unlawfully charged disproportionately high prices

Telecom executives' salaries are 'unacceptably high', says a shareholders group. 'They are blaming everyone but themselves for the company's faltering financial position', the group claims.