Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Telecom NZ's Cook Island sale all part of the bigger picture

Telecom New Zealand's methodical sell-off of overseas and non-core assets continues with the $23 million sale of Telecom Cook Islands.

It is the latest in a string of sell-offs and restructuring:


This all squares with the strategy laid out by CEO Simon Moutter in a series of interviews with Alastair Thompson. Here Moutter talks of the profound rate of change facing the company and how the company aims to strengthen its focus on the New Zealand market.

Telecom NZ has long been the nation’s leading telecommunications retailer but it faces increasing competition. Moutter's aims to protect its position with a sharp focus on residential and commercial business. As part of this programme, there's a strong push to consolidate Telecom NZ as the nations largest internet service provider.

Overseas assets where once a business extension, but have become a distraction. The Cook Island investment is tiny compared with the local operation and the management time required to watch the investment is out of all proportion.

These investments also tie up capital which could be better used at home in New Zealand.

The last four years have seen Telecom NZ move from a vertically integrated organisation with monopoly control of some market sectors to being a largely retail focused telco with an IT services operation.

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Werewolf: Pitch Perfect

Among his other blessings, Pope Francis has been a gift to the world of marketing studies. There can be few other examples where a leader has transformed the perception of an enterprise so thoroughly, but without making any discernible change to its core principles. More>>

ALSO:

US Politics: The Democrats Try To Engage With America (Again)

Venues are being rebooked to accommodate the thousands of people coming to listen to Vermont Senator, avowed socialist, and presidential aspirant Bernie Sanders talk about the redistribution of wealth. More>>

ALSO:

Gordon Campbell: On The Deal Over Iran’s Phantom Nukes (And Nuking Greece’s Future)

How could Iran continue to be expected to do all the military heavy lifting in the battle against Islamic State, while still being economically sanctioned and isolated for the threat that Teheran allegedly poses to the region? More>>

ALSO:

Werewolf 56 Out Now: Pope, Secret Evidence, Point Break, Democrats, Pigeons

Hi and welcome to the 56th edition of Werewolf, in which our cover story this month analyses the remarkable change of global public opinion towards the Papacy that Pope Francis has wrought - especially so, given the depths of unpopularity to which the Vatican had sunk during the reign of his predecessor… More>>

ALSO:

Gordon Campbell: On The Crisis In Greece

Greece, as the cradle of democracy, is getting no brownie points for actually practicing it. The decision by the Greek government to go back to the people for a mandate for the bailout terms being proposed by the Eurozone seems entirely appropriate. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news