Spark New Zealand Limited ADR (NZTCY) - OTCPK - Current
  • Thu, Feb. 18, 4:07 PM
    • Spark New Zealand (OTCPK:NZTCY -0.7%) posted strong mobile and IT services revenue growth in its first fiscal half results to offset legacy products and their ongoing declines.
    • Operating revenues declined 4.1%, but after re-basing for changes from divestments and its acquisition of CCL Group as well as regulatory changes, underlying revenues and other gains were up 1.6%.
    • Net earnings grew 7.5% to $158M, while EBITDA gained 4.4% to $455M.
    • The company syas it anticipates continuing to pay annual dividends of $0.22/share and special dividends of $0.03/share.
    • Shares gained 2.2% in New Zealand and rose 3% in Australia today.
    • Press Release
    | Thu, Feb. 18, 4:07 PM
  • Thu, Feb. 18, 6:22 AM
    | Thu, Feb. 18, 6:22 AM
  • Aug. 21, 2015, 10:10 AM
    • Telecom Spark New Zealand (OTCPK:NZTCY) is up 12.2% after raising its annual dividend to $0.22, as well as a special dividend of $0.03, as underlying earnings rose amid a reconfiguration to focus on data/mobile service.
    • Net profit for the 12 months ended June 30 fell to $375M from $460M, a year-ago result affected by one-time gains from selling its AAPT unit. On an adjusted basis, earnings were up 19%.
    • EBITDA for the year rose 2.8% to $962M, though revenue fell 2.9% to $3.53B.
    • Mobile connections were up by 172K. "We have closed the connection number gap on our largest competitor, Vodafone, to just over 150,000, having been around 600,000 behind them just three years ago," said CEO Simon Moutter.
    • The company's guided to EBITDA increases of 0%-3% for fiscal 2016.
    • Related: Spark New Zealand's (OTCPK:NZTCY) CEO Simon Moutter on FY 2015 Results - Earnings Call Transcript (Aug. 21 2015)
    | Aug. 21, 2015, 10:10 AM
  • Feb. 21, 2014, 9:47 AM
    • Seagate (STX +3.3%) has been upgraded to Outperform by RBC.
    • ON Semi (ONNN +1%) and Freescale (FSL +1.5%) have been started at Buy by Drexel Hamilton.
    • Montage Technology (MONT +0.3%) has been cut to Market Perfrorm by Raymond James, and to Equalweight by Barclays, a day after posting a Q4 beat.
    • Telecom New Zealand (NZTCY -0.5%) has been upgraded to Neutral by Citi.
    | Feb. 21, 2014, 9:47 AM
  • Dec. 9, 2013, 11:19 AM
    • Telecom New Zealand (NZTCY +1.3%) will sell business telecommunications and cloud services provider AAPT for AU$450M ($409M) to TPG. Closing is expected in Feb., with Australian regulators having cleared the deal.
    • After having sold the consumer division of AAPT in 2010 for AU$60M, the price the telco is getting is a far cry from the AU$2.2B it paid for AAPT at the peak of the dot com bubble in 1999.
    • The ops' revenue has consistently declined, as has operational performance, with AAPT generating EBITDA of $57M this year, down $10M from the previous year.
    • To TPG, the 11K km of fibre the unit owns across six states and territories "will provide ... a much larger backhaul network across Australia, as the company begins to embark on a fibre-to-the-basement rollout for 500,000 CBD businesses and apartments covered by TPG's existing network," ZDNet writes.
    | Dec. 9, 2013, 11:19 AM | 2 Comments
  • Mar. 27, 2013, 7:00 PM
    Telecom New Zealand (NZTCY.OB) is cutting 930-1230 jobs, or 12%-16% of its workforce, in a massive restructuring. The struggling telco expects to reap annual cost savings of NZ$110M ($92M), and record an NZ$70M-$80M ($59M-$67M) charge. The company's 2013 operating earnings guidance of NZ$1.04B-$1.06B (exc. restructuring costs) remains unchanged for now.
    | Mar. 27, 2013, 7:00 PM
  • Jul. 12, 2012, 3:07 AM
    Vodafone (VOD) buys Telstra's struggling New Zealand operations for NZ$840M ($670M). The unit serves only 16% of New Zealand's broadband market, but with Vodafone's backing it will now be able to compete much more aggressively with dominant player Telecom New Zealand (NZT).
    | Jul. 12, 2012, 3:07 AM | 8 Comments
  • Aug. 12, 2008, 8:07 AM
    Dissatisfied with the performance of Telecom Corp. of New Zealand (NZT), a U.S. hedge fund will push for two new candidates for the NZT board and for a structural separation of the company.
    | Aug. 12, 2008, 8:07 AM
Company Description
Sector: Technology
Industry: Telecom Services - Foreign
Country: New Zealand