sbiddle: I've yet to actually read a single good reason why Telstra would want Telecom. It seems every expert analyst keep spinning this line but doesn't have a single reason why they would be interested.
I would argue TCL is a far better asset to own than Telecom.
AAPT, SCX and the PPCW tie up.
Telecom has way more fibre, read Jon's post on NZNog on Thursday.
Telstra.au are in the mobile business and see that as the future, not HFC fixed line networks.
Imagine a seemless mobile network that stretches all the way into Asia.