The 'New Telecom' - formed when its Chorus network business is split off in November will be the third biggest company on the NZX and a potential takeover target.

Vodafone has been found guilty of misleading customers through false advertising, less than two months after it was fined over $400,000 for similar offending.

The appointment of marketing boss Jason Paris means the advertising business looks more likely to go to pitch.

This is not a Rugby World Cup mug.