On May 3, Telecom got in hot water with the Commerce Commission for over-stating the value of its access network, in its 2009/2010 regulatory accounts, by more than $1 billion.
Analysts from Deutsche Bank, Credit Suisse and Forsyth Barr were unmoved, tellng NBR it was a sideline spat, of
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InternetNZ hounds Telecom over inflated valuation
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