Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Econet Comments on Telecom Annual Result Web-Cast

Econet Comments on Telecom Annual Result Web-Cast – for telecommunications financial community

Econet Wireless New Zealand (Econet) today participated in the Telecom’s annual result web-cast.

Econet respects that Telecom’s annual result web-cast is supposed to be a forum for understanding the shareholder value of TCNZ, not debate regulatory issues.

However, Econet would like to clarify three issues mentioned in today’s webcast:

1) Econet believes the SAC of Vodafone NZ is an order of magnitude different from Telecom. We believe the 2004 Vodafone annual report and local research provides some guidance that Vodafone’s SAC is in fact positive, and around NZD $50 per customer, whilst Telecom’s is approximately NZD $450 per customer.

2) Econet applied to Telecom for co-locations on 52 cell sites over two months ago in the Auckland area and is waiting on a price response from Telecom.

3) Econet notes that the Telecommunication Carriers Forum has been debating a co-location code for nearly four years with no agreed code yet.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news