Telecom Corporation of New Zealand
Telecom Corporation New Zealand Limited (Telecom) is a supplier of telecommunications and information, communications and technology (ICT) services in New Zealand and Australia.
Telecom provides telecommunications and ICT products and services, including local, national, international and telephone services; mobile services, data, broadband and Internet services; information technology (IT) consulting, implementation and procurement, equipment sales, and installation services.
Issue: 1.81 bn
Market Cap: 4.26 bn
PE Ratio: 13.95
Div: 20 cents
Div Yield: 8.64%
The Company’s portfolio of IT services includes cloud computing services, managed IT services, IT outsourcing, IT software and hardware procurement, and professional services to assist organizations with business and technology investments.
Total earnings before interest, tax, depreciation and amortization (EBITDA) of the group for the six month period ending 31 December 2012 were $516 million compared with $1,656 million for the prior comparative period.
Comparisons with previous periods are complicated by the demerger of Chorus which took effect from December 2011. The Directors have declared an interim dividend of 8 cents per share (9 cents in the corresponding half year), carrying 75% imputation credits.
The Dividend Reinvestment Plan has been retained and shares will be issued at the prevailing market price applied to ordinary shares. Telecom also reported a growth of 158,000 customers in WCDMA mobile connections and 13,000 growths in retail broadband connections in this period.
Daily ShareChat articles report how the main experts in the market might view a certain share and we provide this commentary as a useful resource for investors. Content on this site does not in any way constitute a recommendation to buy, hold or sell any particular share. Investors should always seek professional advice before making any investment decisions.
Comments from our readers
No comments yet
Add your comment:
Telecom's Gen-i slims down with Davanti sale to management
Telecom FY earnings to be at bottom end of guidance on fixed-line rivalry, Gen-i squeeze
Telecom buys local data centre firm Revera for $96.5 mln
Telecom dumps Alcatel-Lucent for Huawei in 4G network build
Telecom sets up incubator unit for new services in UFB world
Telecom to keep Yahoo! email service after review prompted by hacker attacks
Telecom seeks as much as $110M in annual savings from cutting up to 1,230 jobs
Telecom launches residential UFB with cheapest option at $95 a month
Telecom to lay off 120 staff from Gen-i Australia as overhaul begins
Telecom appoints Lion's Jolie Hodson as new CFO