Telecom shares (NZX: TEL) hit a fresh low yesterday, closing at $2.19.The company traded at above $4 at the start of chief executive Paul Reynolds' reign in 2007.Since then, the company has been hit by regulatory changes such as operational separation and
Telecom shares (NZX: TEL) hit a fresh low yesterday, closing at $2.19.
The company traded at above $4 at the start of chief executive Paul Reynolds’ reign in 2007.
Since then, the company has been hit by regulatory changes such as operational separation and local loop unbundling, which have opened it to fresh competition just as its once-lucrative fixed-line business evapourates, and its shares have moved gradually downwards.
The trigger for its most recent fall has been XT’s string of network failures.
Before the January 27-29 outage, the company was trading at $2.44.
