New Zealand's dominant telco will voluntarily separate its wholesale and retail operations in a move seen as attempting to stave off further government intervention in the country's telecommunications industry.
Telecom New Zealand has plucked its new CEO from the upper echelons of the UK's biggest telco, BT.
Telecom New Zealand's public change of attitude is certainly a breath of fresh air.
Telecom New Zealand today said the success of its planned discrete wholesale unit would depend on the efficacy of an independent group set up to oversee the unit's operations.
update: Telecom New Zealand announced today that it will acquire PowerTel, valuing the Australian business and wholesale telco at AU$357 million.
Telecom New Zealand last week stopped Web sites all over the world from hosting a satirical version of one of its recent television ads.
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