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Tag: nzs
No price premium on Telecom NZ's LTE offer
2013-10-07 02:00:00| Total Telecom industry news
New Zealand operator seeks to reinvent itself with new look for its retail brand...but where is it?
Tags: price
offer
premium
telecom
Air NZ's stock soars on buyback extension
2013-09-28 10:44:07| Airlines - Topix.net
Chief executive Christopher Luxon told shareholders that more modern planes needed less maintenance and the airline was working through a redundancy process with some engineers.
Tags: air
stock
extension
soars
Telecom NZ's FY profits tumble 23.5%
2013-08-23 03:58:00| Telecompaper Headlines
(Telecompaper) Telecom New Zealand reported net earnings of NZD 238 million for the financial year ended 30 June, down 23.5 percent from NZD 311 million in the prior financial year. After adjusting for one-off items (including restructuring costs and asset impairments), earnings grew 21.7 percent to NZD 281 million. Telecom said it made some deliberate calls during the year that impacted the result: to grow share in the mobile market, hold share in the broadband market, refocus the Gen-i business services portfolio, and significantly reduce operating costs. Adjusted EBITDA totalled NZD 1.04 billion, a 0.5 percent decrease from FY 2012, while reported EBITDA fell 14.6 percent to NZD 922 million. Adjusted operating revenues and other gains declined 8.1 percent to NZD 4.17 billion, with much of this attributable to a decline in fixed line revenues, and reported operating revenues were down 8.5 percent to NZD 4.19 million. Capital expenditure stood at NZD 465 million, an 18.6 percent increase year-on-year. Major capex items included purchases of 3G mobile spectrum, initial expenses relating to re-engineering of internal IT infrastructure, and early investment in a new optical transport network to upgrade the core network. Telecom ended the period with 649,000 broadband connections, up 4.8 percent, and 1,000 retail and Gen-i access lines, down 4.7 percent year-on-year. The mobile base grew 10.6 percent to 1.82 million.
Tags: telecom
profits
tumble
nzs
NZ's Fonterra to fight Sri Lankan dairy injunction
2013-08-19 03:00:32| Food - Topix.net
New Zealand's Fonterra, the world's top dairy exporter, said on Monday an injunction banning the sale of its products in Sri Lanka because of alleged contamination was incorrect and unjustified as it sought to control a growing customer backlash.
Tags: fight
sri
dairy
injunction
Telecom NZ's restructuring costs to be higher
2013-05-16 07:12:00| Telecompaper Headlines
(Telecompaper) Telecom New Zealand's restructuring costs are expected to be higher than first announced, at NZD 100-130 million, up from the earlier estimate of NZD 70 to 80 million. The increase reflects the inclusion of estimated non-cash accounting adjustments associated with the cessation of business activities (such as onerous lease contracts and other asset write-offs), the company said at its investor day where it outlined its strategy shift from a traditional fixed and mobile infrastructure company to a future-oriented, competitive provider of communication, entertainment and IT services delivered over its networks and the cloud. Telecom's adjusted EBITDA guidance for FY 2013 remains NZD 1.04-1.06 billion, although management expects that the result will be near the bottom end of this range, primarily due to a further increase in price competition in the fixed-line market and continued margin pressure in Gen-i. This guidance excludes one-off restructuring costs associated with the cost reduction and strategic change programme.
Tags: costs
higher
telecom
restructuring