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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
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
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.
$900m plan to open NZ internet tap
Plans for a new high-speed link are expected to lead to lower internet prices and unlimited downloads for home connections.
Entrepreneurs announce $900m fast broadband plan
A proposed optic fibre cable linking NZ, Australia and the USA would unleash billions of dollars of economic potential by connecting NZ businesses to global markets by 2013.
Shareholder watchdog defends Telecom salaries
The chairman of the Shareholders Association has defended Telecom executives' high salaries, saying the company operates in a global market.
Gattung swipes at Telecom's big salaries
Former Telecom head Theresa Gattung has attacked the company for paying its executives much bigger salaries than when she was in charge.