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  • Telecom tipped to take breakup option

    A breakup of Telecom could be announced in the next three months, sources say, with shareholders likely to be offered stock in spun-out infrastructure unit Chorus.
    The scheme would represent a big climbdown for Telecom and its chief executive, Paul Reynolds, after fighting to find a way to take part in the Government's $1.5 billion fibre optic infrastructure plan without splitting.

    Written by Tim Hunter23 May 10 22:00