Competition in wholesale broadband in New Zealand is heating up with the launch of a new product from Telecom NZ, just a day after rival Vodafone announced a move into the market.
Telecom New Zealand CEO Paul Reynolds today called for changes to the way the country's regulatory system works, suggesting the current rules could scare telecommunications investors away.
Transfield Services is making 170 staff who work on its Telecom New Zealand contract redundant because it is losing money on the work it does for the telco.
New Zealand's competition regulator today said that Telecom New Zealand had remedied a breach of its separation undertakings linked to the spread of higher broadband speeds.
A US-based private investment firm with a stake of around 3 per cent in Telecom New Zealand has nominated two candidates to stand for election as directors of the telco as the firm pushes for internal change.
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