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.

Telecom says it "absolutely unreservedly apologises" for an intermittent XT outage in the Auckland area this morning.

Telecom and nzherald.co.nz are giving one deserving business team of up to six people the chance to win a day sailing around Auckland Harbour.

Telecom staff were told this morning that the company's 'Mr XT', responsible for mobile devices and services, would leave at the end of his contract in July.

Telecom mobile phone customers on the network's XT and CDMA networks have experienced more intermittent outages today.

Some New Zealanders are likely to get a nasty shock while browsing the internet over the next few months - a web page on their computer saying "STOP!".

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.