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coldstone

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#109784 26-Sep-2012 16:30
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Can anyone enlighten me on the ownership of Telecom- not Chorus but Telecom, Is this New Zealand owned (yes I know its not government owned) but what percentage of Telecom is owned by New Zealanders?

Any links or informaiton would assist- just working out wether to invest


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mattwnz
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  #691790 26-Sep-2012 16:33
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It is a NZX listed company. The ownership is hard to know, as shares are often purchased by fund managers. But I had heard that NZ mum and dad shareholders could own around 50% of it. So if that is the case it is largely an NZ owned company and it's profits largely stay in NZ. I think the same would apply for chorus, as there was a share split, so people who where telecom shareholders, also became chorus shareholders..

DarthKermit
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  #691846 26-Sep-2012 18:10
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I might be wrong, but doesn't the government still have a 24% "kiwi share" in Telecom?




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Handle9
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  #691859 26-Sep-2012 18:52
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From the annual report (which is of course available online)


mattwnz
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  #691861 26-Sep-2012 19:02
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Handle9: From the annual report (which is of course available online)



But very difficult to tell who the end owners are. Many are just fund managers buying shares on behalf of their cusomters.

richirvine
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  #692001 27-Sep-2012 07:58
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Hiya - Telecom's investor centre is a good place for shareholder or potential shareholder info. 




@richirvine
@telecomnz


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