INL Shareholding Increased

Monday, 22 May 2000, 8:26 am
Press Release: Telecom New Zealand

Telecom New Zealand has increased its shareholding in INL to 10 per cent with the purchase of a further 15.2 million shares in that company.

Chief Financial Officer Marko Bogoievski said today this fulfilled Telecom ’s previously-stated intention to take a shareholding of approximately 10 per cent. Telecom purchased an initial holding of 5.7 per cent in March.

ENDS

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