Telecom Corporation New Zealand - Financial Statistics - Background Report - mid-2010

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Last updated: 28 Sep 2010 Update History

Report Status: Archived

Report Pages: 10

Analyst: Stephen McNamara

Synopsis

In this report we cover the financial results of Telecom Corporation of New Zealand (Telecom) from 2006 to early-2010 which covers the financial results to Q2 2010. There has been an underlying transition from traditional voice services to broadband, IT and data services, however growth in mobile revenue is continuing its downward spiral as the market saturates further.

Telecom’s overall revenue growth which was negative in 2008/09 continues into 2009/10 as the incumbent adjusts to a new and more competitive operating environment after undergoing operational separation. The proposed split of the company into two separate companies (which is still subject to shareholder approval) aims to gain additional revenue streams from the government UFB and RBI initiatives that are still to be finalised..

This report provides supplementary reference financial information to our regularly updated report on Telecom New Zealand, see separate report: Telecom Corporation New Zealand - Financial Statistics.

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