Telecom Corp’s separation plans need more work

29 Feb 2008

The New Zealand government today stated Telecom Corp must provide a revised separation plan by 25 March 2008. In October the company announced a NZD1.4 billion (USD1.1 billion) plan to split into separate wholesale, retail and network divisions, but this has been rejected for not going far enough. Communications Minister David Cunliffe said Telecom must proceed with local loop unbundling, set a clear limit on group based incentives for wholesale customers and clarify some additional technical issues before approval could be given.

New Zealand, Spark, Spark New Zealand Group