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I have recently come across this marvelous run-down of the two up coming economic giants which was emailed to me from an anonymous address at the New Zealand lta hrefhttpwwwntsearchcomsearchphpqStockv56gtStockltagt Exchange The economic giant Telecom became a force in 1987 when it took over the lta hrefhttpwwwntsearchcomsearchphpqtelecommunicationsv56gttelecommunicationsltagt department of the New Zealand Post lta hrefhttpwwwntsearchcomsearchphpqOfficev56gtOfficeltagt and became a state-owned operation with a commercial focus Instead of keeping the enterprise the lta hrefhttpwwwntsearchcomsearchphpqgovernmentv56gtgovernmentltagt sold it to the Bell Atlantic Corporation for 4 and million NZ a decision that Rt Hon Michael Moore must be regretting now and a year later Telecom was listed on the New Zealand Australian and New York lta hrefhttpwwwntsearchcomsearchphpqstockv56gtstockltagt exchanges Everything was quiet until 1996 when it launched XTRA and became the most popular lta hrefhttpwwwntsearchcomsearchphpqWebv56gtWebltagt lta hrefhttpwwwntsearchcomsearchphpqPortalv56gtPortalltagt in New Zealand After setting up a monopoly in New Zealand Telecom ventured into lta hrefhttpwwwntsearchcomsearchphpqAustraliav56gtAustralialtagt by buying AAPT in 1996 and then purchasing the rest in December 2000 From this starting point Telecom has grown in lta hrefhttpwwwntsearchcomsearchphpqAustraliav56gtAustralialtagt and reported that it holds 2055 employees and maintains 904681 landlines along with 55800 lta hrefhttpwwwntsearchcomsearchphpqinternetv56gtinternetltagt connections across the ditch The NZ8972 million that Telecom has claimed as assets generates NZ5646 million revenue and 643 million dollars of this is net earnings which makes the company a very healthy lta hrefhttpwwwntsearchcomsearchphpqinvestmentv56gtinvestmentltagt by Bell Atlantic Corporation which currently holds 2278 as of 30 June 2001 The capital goods that Telecom have claimed to be worth 8972000000 range from its fiber optic cables that cross the Pacific and Tasman oceans and the wire that we use every day while calling lta hrefhttpwwwntsearchcomsearchphpqfriendsv56gtfriendsltagt and lta hrefhttpwwwntsearchcomsearchphpqfamilyv56gtfamilyltagt This technology is extremely important to telecom as if it didnt have these it would have no chance against its competitors Telecom NameTelecom Corporation of New Zealand Location Throughout New Zealand ands parts of Australia Aim of the BusinessTo provide a full range of lta hrefhttpwwwntsearchcomsearchphpqinternetv56gtinternetltagt data
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