Telecom faces big bill as it tip-toes into content with internet TV offering

Fri, 21 Feb 2014

By Paul McBeth Feb. 21 (BusinessDesk) - Telecom Corp’s attempt to step out from its legacy business and embrace a new digital future isn’t expected to come cheap, according to a fund manager. The Auckland-based company today announced plans to rebrand itself as Spark and launch a new internet-based television service as online media disrupts traditional models and creates new opportunities. Both are expected to happen in the middle of the year. Chief executive Simon Moutter told a conference call today the company is budgeting for about $...

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