Monday, November 21, 2011

Chorus, New Zealand Wholesaler, Goes Public

On Nov. 23, 2011, Chorus, the wholesale business including assets that once were part of Telecom New Zealand, will start trading on the New York Stock Exchange.

The listing means Telecom New Zealand now is now longer a facilities-based service provider, but will lease capacity from Chorus, as will other New Zealand service providers competing in the fixed-network business.

There was an earlier BT precedent for thinking about structural separation, SingTel also operates under similar principles, and though most people don't realize it, Rochester Telephone in New York also agree to structural separation, in exchange for freedom to pursue unregulated business opportunities.

Despite the changes, Telecom New Zealand will retain its ownership of mobile services, making Telecom a more-focused mobile play, in a sense.

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