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  • Make Profit By Investing In Telecom Corp Of New Zealand 0 comments
    Jul 24, 2013 1:21 AM

    The NZSX is the premier equities board and also is a home of many of New Zealand's best known bands. There are more than 200 listed issuers are many of New Zealand's long-established heritage companies, and a number of overseas companies. They are the cornerstone companies of the NZX and New Zealand's economy. I am sharing about Telecom Corp of New Zealand which is one of the Best dividend stocks in New Zealand. Take a look.

    Telecom Corp of New Zealand (NZE: TEL)

    Profile

    Telecom Corporation of New Zealand Limited is a New Zealand-based company which supplies telecommunications and information, communications and technology services in New Zealand and Australia. It provides a range of telecommunications and ICT products and services, including local, national, international and telephone services, mobile services, data, broadband and Internet services, information technology consulting, implementation and procurement, equipment sales and installation services.

    Its portfolio of information technology services includes cloud computing services, managed IT services, IT outsourcing, IT software and hardware procurement and professional services to assist organizations with business and technology investments. It is one of the largest companies by value on the New Zealand Exchange, Further it is the 39th largest telecommunications company in the OECD.

    History

    The company was formed in 1987 from a division of the New Zealand Post Office and privatized in 1990. The selling price at that time was considered by some to be extremely low, given Telecom had a monopoly of all phones lines in New Zealand.

    In 1987 the New Zealand Post Office divested itself of the newly created Telecom, which was created as a state-owned enterprise (SOE) on 31 March. The New Zealand Government owned Telecom was to have a commercial focus. It purchased telecommunications assets from the Post Office for NZ$3.2 billion and work began on improving the services and network.

    The company launched its 025 mobile network and TDMA mobile data network. In the beginning of 1987 the New Zealand telecommunications market was progressively deregulated.

    Business Units of Telecom

    The Telecom Business units include following points:

    v Telecom Retail provides fixed line, mobile ad internet services to customer, small/medium business and the wholesale markets.

    v Gen-I is providing converged technology and telecommunications solutions for the company's business customers across New Zealand and Australia.

    v AAPT is one of the three Australian telecommunications providers that have the capabilities and resources which needed to own and operate its own national voice and data network.

    v Telecom New Zealand International carries over two percent of global voice traffic, with over 200 voice customer/vendor relationships worldwide.

    Company's Announcements

    On August 19, 2011, the Telecom announced that it would change its dividend payments from quarterly to half-yearly. This change was to align the dividends with the half-yearly reporting cycle. In May 2013, the company announced that it acquired the entire capital of Revera Ltd.

    On February 21, 2013, Telecom Corporation of New Zealand Ltd announced that it will pay a first half ordinary dividend of NZD 0.08 per share for fiscal 2013. The record date was March 15, 2013 and the Payment date was April 5, 2013. On May 7, 2-13 the company also announced that it completed its acquisition of Revera Limited.

    The company has a current market capitalization of 4.30 Billion, EPS is 0.18, P/E ratio is 12.81 and the dividend yield is 8.14% at the annual dividend payout of 0.08.

    For further information related to High dividend paying stock new Zealand, New Zealand stocks high dividend, New Zealand dividend stocks to buy, Best high yield dividend new Zealand please visit our site http://nz.dividendinvestor.com/

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