Telecom New Zealand To Offload Entire PSTN?

By tonyhughes Hughes, in , posted: 26-Sep-2007 06:00

According to the Dominion Post, Telecom is set to sell off its entire fixed line network (to the government?)

The network is valued at more than NZD$3b, and has traditionally been a factor in arguments that the incumbent telco had been gifted a massive cash cow when it was purchased from the government originally.

The sale is supposedly set to take place after the company emerges from its operational seperation - a seperation that has been forced upon Telecom by the Governent, although it sounds like the sale of the PSTN is a voluntary agreement.

If true, then story of the year if you ask me. (Well... that and Helen Simpsons gargantuan breasts, which should buy entry into any casino in the world if you ask me).

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Comment by freitasm, on 26-Sep-2007 10:14

Where is the picture (not the network)?


Comment by freitasm, on 26-Sep-2007 11:00

The story on Stuff is, as usual, empty, according to the minister...


Comment by chiefie, on 26-Sep-2007 12:38

Mmm... should Geekzone put in the bid for this $3b network? :-D


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