Telecom NZ sees annual revenues drop 8.1%

23 Aug 2013

Telecom New Zealand has reported adjusted total revenues of NZD4.174 billion (USD3.270 billion) for the twelve month period ended 30 June 2013, down 8.1% from NZD4.540 billion in the corresponding period one year earlier. EBITDA came in at NZD1.043 billion, down 0.5% from NZD1.048 million for the year-ago period, while net earnings increased 21.7% from NZD281 million to NZD342 million. CAPEX for the year under review was NZD465 million, up 18.6% from NZD392 million for the previous year.

In operational terms, Telecom reported a 4.7% decline in the number of Retail and Gen-i fixed access lines from 1.049 million in FY12 to 1.000 million at the end of FY13, while broadband connections rose 4.8% to 649,000, from 619,000 at 30 June 2012. Meanwhile, total mobile connections decreased 10.6% from 2.031 million in FY12 to 1.815 million at the end of FY13, impacted by the closure of Telecom’s CDMA network in July 2012.

New Zealand, Spark, Spark New Zealand Group