Once the shining light of New Zealand listed companies now Telecom New Zealand lies in some sort of regulatory and capital expenditure limbo as government decide what they want and Telecom decides how much money they want to make off customers.
What future lies ahead?
One is tempted to say that it cant get much worse for this company but I see things getting worse before any sort of turnaround.
The culture is still attack the customer and reactionary rather than on the front foot when it comes to competition.
A continued focus of marketing over services also drags on the bottom line.
kbot wrote:Telecom may be one for surprises this year. After a predicted $56 million as http://nz.biz.yahoo.com/100317/3/hudx.html referers to (who plucked this figure out thin air??), I believe that internal cost cuttings will follow, and let's hope, this will lead to dividends beyond anyone's surprises.
I was wondering why my few Vector shares were acting strangely, the linked article sheds some light. There is still so much of the market I need to learn about.
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