Telecom says rumours of up to 2000 people losing their jobs at the company are 'rubbish'.

TelstraClear call centre staff are given time off at work to play rock, paper, scissors and make paper aeroplanes.

Vodafone NZ's market share sank below 50 per cent last year as new kid on the block 2degrees mobile entered the market.

The sale of Telecom's Australian business could keep dividends up, says an industry analyst.

Telecom's in-house magazine has published letters from forgiving XT customers as a "happy pill" to boost staff morale.

The Securities Commission's announcement yesterday that it had laid criminal charges against the directors of Lombard Finance & Investments was no surprise.

Telecom is targeting a reduction of 200 top jobs this year, after cutting its earnings guidance for years 2011 through to 2013 years.

Telecom shares fell 6c after it cut earnings guidance for the financial years from 2011 to 2013.

Telecom has appointed Kieren Cooney, the chief executive of its retail dealer partner Leading Edge NZ, as the new director of its troubled mobile division.

Vodafone says it has has received a "huge" influx of customers from Telecom in the wake of its rival's XT dramas.

Over 100,000 mobile users have switched providers but kept their mobile numbers since August, about two-thirds of those moving to our newest telco.

Telecom wholesale and international business chief executive is departing after seven years at the company.