Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Volatile market could see changes at Telecom
30 May 2000

 
 
Volatility in the sharemarket could see changes in Telecom's restructuring
plans and a subsequent move overseas  
 
 
 
Telecom says it may be forced to shift to Australia if business across the
Tasman continues to do well. 

Chief executive Theresa Gattung has told an Australian business TV
programme that recent sharemarket volatility has caused Telecom to rethink
its long term restructuring plans. 

She says at present most of Telecom's business is New Zealand based.
However, she says the company plans to source an increasing proportion of
its revenue from outside New Zealand via its stake in AAPT and its 50%
stake in the Southern Cross Cable project. 

Seperately, in a report commissioned by the company, London-based economist
Dr Chris Doyle says Telecom needs to be forwarding-thinking if it's to
maintain its dominance in the telecommunications market as new technologies
will open the market in ways we can still only dream of.

Dr Doyle says the market will become a battlefield once the new
telecomunications technologies take hold.

Telecom spokeswoman Linda Sanders says customers will benefit in the long run.

Telecom invests around 700 million dollars a year in new technology. 


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