Stories by Tracy Lee and Ulrika Hedquist

Cost cutting helps ease AAPT's pain

The Australian arm of Telecom NZ, AAPT, has ambitiously forecast achieving earnings of up to $200 million in five years even as its parent company confirmed an earnings decline that will not be reversed until 2011.
Speaking at an investor briefing for Telecom NZ in Sydney yesterday, AAPT chief executive Paul Broad was frank about the consecutive losses incurred by the division but said cost cutting and gains in its wholesale business should help the unit turn around.

Written by Tracy Lee and Ulrika Hedquist10 April 08 22:00