Forum Archive Index - September 2000

[Chris <cd@ak.planet.gen.nz>]

Interesting to see Franklin Resources of California have increased their 
interest in TEL from 6.04% to 7.09%.  This is good news amidst the 
overseas sell down discussion prominant at the moment.

The expense of rolling out infrastructure in NZ is exorbitantly high.  We 
are a long, hilly and mountainous country.  TEL has got all that handled 
already.  Sure there is a threat from the likes of TLS/Saturn and 
Vodafone but the rest will be eternal bit players fighting over scraps.  

The CBA deal and recent procurement announcements all point to some very 
calculated work being done at TEL to ensure it is a major Australasian 
player.  

I am punting on the near announcement of an Asian link and maybe direct 
investment in TEL itself. With shareprice and currency demise the time 
for a cornerstone industry stakeholder is now. 

Chris  

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