Friday 20th December 2013 |
Text too small? |
Telecom Corp, New Zealand's biggest telecommunications company, is considering selling its 60 percent stake in its Telecom Cook Islands joint venture.
No decision has been made yet on whether to proceed, Auckland-based Telecom said in a statement.
Telecom has operated the joint venture with the Cook Islands government since July 1991 and paid $3 million to increase its stake from 40 percent in July 1997. The Cook Islands venture is the largest provider of fixed-line phone, mobile and broadband services in the country.
The company this month sold its AAPT unit in Australia to ASX-listed TPG Telecom for A$450 million.
The shares climbed 2.6 percent to $2.35 yesterday, and have eked out a 3.3 percent lift this year.
BusinessDesk.co.nz
No comments yet
BLT - Revenue growth with one off cost pressures impacting profit
FRW - Full Year Results to 30 June 2025 and Final Dividend
Devon Funds Morning Note - 18 August 2025
August 18th Morning Report
2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance