Friday 3rd June 2011
|Text too small?|
Telecom is ringing in the changes ahead of its structural separation, directing head of wholesale Nick Clarke to report to Chorus chief executive Mark Ratcliffe.
Telecom chief executive Paul Reynolds said the move comes as Telecom aligns its units to be carved out in a demerger, a move promised as part of its successful bid to take part in Government plans for a national broadband network.
"These changes will improve the ability of our people in Chorus and Telecom Wholesale to better deliver for our customers at a critical period of change," he said.
Telecom is waiting for Parliament to pass legislation for structural separation and has to obtain shareholder approval for the division into a telecommunications retailer and a broadband network company.
Reynolds said the change in structure would "provide a more seamless service for wholesale customers and allow the teams to collaborate more effectively to deliver on the rural broadband initiative and ultra-fast broadband commitments."
No comments yet
Delegat Group Limited (NZX: DGL) $333 million syndicated bank facilities
7th December 2021 Morning Report
Sky Network Television Limited (NZX: SKY) Transformation accelerates - Sky raises FY22 guidance
PGG Wrightson Limited (NZX: PGW) FY22 Operating EBITDA forecast to better last year
Vulcan Steel Limited (NZX: VSL) Trading Update & Earnings Upgrade
6th December 2021 Morning Report
Synlait Milk Limited (NZX: SML) Partnership to enhance soil health; test regen ag practices
Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update