Incumbent Telecom New Zealand said it is reviewing a discussion document about the Ministry of Economic Development’s (MED) thoughts on the telco’s structural separation plan, reports CFO World. More specifically, the MED has outlined the regulatory…
Incumbent Telecom New Zealand said it is reviewing a discussion document about the Ministry of Economic Development’s (MED) thoughts on the telco’s structural separation plan, reports CFO World. More specifically, the MED has outlined the regulatory issues that might arise in case of a demerger.
A few days ago, the company said it would ask its shareholders to vote on a structural separation next year if it gets a seat on the New Zealand government’s proposed broadband network initiative. As part of its Ultra Fast Broadband project, the New Zealand government is asking the company to demerge its wholesale and retail operations.
Telecom NZ is not among the list of companies selected for priority talks for the government’s $NZ1.5bn (about US$1bn) ultra-fast broadband project, according to media reports.
Telecom is nonetheless still on the list of 14 companies that remain important contenders for future negotiations, wrote the Sidney Morning Herald.
