Telecom NZ mulls sale of 60 percent stake in Cook Islands joint venture

Thu, 19 Dec 2013

By Tina Morrison Dec. 20 (BusinessDesk) – Telecom Corp, New Zealand’s biggest telecommunications company, is considering selling its 60 percent stake in its Telecom Cook Islands joint venture. No decision has been made yet on whether to proceed, Auckland-based Telecom said in a statement. Telecom has operated the joint venture with the Cook Islands government since July 1991 and paid $3 million to increase its stake from 40 percent in July 1997. The Cook Islands venture is the largest provider of fixed-line phone, mobile and broadband serv...

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