It has been reported that on Friday, Telecom Corp. of New Zealand Ltd. (TEL. NZ) said that it is seeking to look for a cohort for its international wholesale voice industry or either sell off the business.
According to Telecom, it has divided its worldwide division into information and voice units and is taking into consideration a variety of choices for the voice unit.
It has been reported that the shares of the largest phone company of the country, Telecom, hit a bottom that was as low as $2.08 and this is followed after the continuous pleas towards the government to relax the regulatory burdens as the technology is currently shifting from the present copper based network to move on the much better network that is based on fibre.
Lihir Gold Ltd, a gold miner in Australia, announced today that had concluded the sale of its Ballarat mine in Victoria to Castlemaine Goldfields Ltd.
Lihir Gold, which currently operates one of the largest gold mines in the world, had informed the share market in March that it would close the mine.
JB Hi-Fi reaffirms full year sales outlook despite reporting lower than expected sales in March & AprilSubmitted by Tangaroa Snell on Fri, 05/07/2010 - 19:25
JB Hi-Fi, an Australian electronics retailer, said today that its sales in the month of March and April were reported lower than the expectations of the company. However, the company said that its comparative store sales in the third quarter of the fiscal were positive, unlike many other retailers.
JB Hi-Fi also said that it decided to stick with its previous full-year guidance for sales.
Simon Property Group has offered to buyout General Growth Properties for $33.5 billion, as General has become bankrupt and is unable to fulfill its commitments.
The offer which was made late Thursday night has been called the best takeover offer made for General Growth by Simon.
Gail Kelly, the Westpac Chief Executive has assured Australian home owners that this year, the bank will not boost mortgage rates above the official moves from the Reserve Bank. A first-half profit of $2.88 billion was booked by the bank yesterday, which is up 32%, which sets a record for Australia's second-largest bank.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki