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Company News Summary
Telecom Corporation of New Zealand Announces Earnings Impact Due to Rural Telecommunications
16 Mar 2010 | 09:25:00 | Associate analysts | Increase | Decrease | 
Original announcement: Media statement Earnings impact expected
Telecom Corporation of New Zealand announced that the Government confirmed the rural broadband plans that it originally set out in September 2009. The Company advised that if these plans are enacted in their current form, Telecom's EBITDA guidance for each of the 2011, 2012 and 2013 financial years will be adversely impacted by up to $56m.
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