The rise was also due to a shrinking finance bill.
Vodafone New Zealand posted full-year profit that dropped by more than two thirds as it took on costs related to the acquisition of TelstraClear and increased the proportion of lower-margin fixed-line sales.
The company disagrees with the determination and is reviewing whether to appeal.
The great New Zealand public has get to take to fibre rolled through neighbourhoods under the Ultrafast Broadband scheme, backed by $1.35 billion in taxpayer cash. PLUS - RAW DATA: The latest UFB and RBI report.