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Telecom and Ebos up as NZ shares buck the trend
The New Zealand sharemarket rose yesterday when many other markets were weak and a large volume was traded in the shares of New Zealand Oil & Gas, the 29 per cent shareholder of Pike River Coal Ltd.
Fletcher and Contact Energy gain as market rises
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.
Telecom, Vodafone broadband bid one of five
Arch rivals Telecom and Vodafone have joined forces to try to deliver high-speed broadband to more NZ homes and schools.
Report: NZ phone line costs highest in OECD
Kiwis who make only a few calls from their home line a month are paying the highest line rental in the OECD, says the Commerce Commission.
<i>Chris Barton: </i>It's hard to break free of the copper shackles
Telecom shows its reluctance to give up monopoly.
Telecom quarterly earnings fall 37pc
Telecom reported a 36.8 per cent fall in first quarter net earnings to $103 million, with underlying earnings hit by higher regulatory costs and intensifying competition.
Telecom shifting thousands into $280m HQ
NZ's largest corporate relocation has begun as Telecom shifts 2650 staff into its new $280 million international HQ in Auckland.