Incumbent Telecom New Zealand has announced that Mark Ratcliffe would remain CEO of infrastructure business Chorus following its spinoff.
In late May, Telecom NZ said it would carry out structural separation, after officially winning the bid to build…
Incumbent Telecom New Zealand has announced that Mark Ratcliffe would remain CEO of infrastructure business Chorus following its spinoff.
In late May, Telecom NZ said it would carry out structural separation, after officially winning the bid to build the country’s US$2.8bn ultra-fast broadband project (UFB).
Since retailers are only able to take a minority stake in the UFB, Telecom NZ has agreed to separate into an infrastructure operator and a retailing company.
The company said that Chorus would be demerged by the end of 2011, provided it receives shareholders’ approval.
Ratcliffe has been working at Telecom NZ for more than 20 years and was the company’s executive lead for the UFB initiative.
