Telecom NZ maintains mid-term operating-profit guidance

www.WirelessFederation.com/news: Chief Executive of Telecom New Zealand, Paul Reynolds, said the company is continuing to maintain its medium-term operating-profit guidance. Reynolds reportedly said that the country’s dominant phone company by revenue expects to increase earnings before interest, taxes, depreciation and amortization 4% to 6% in fiscal years 2011 to 2013. Reynolds said the guidance was subject to “some sensitivities” around the broader economy, which is currently battling a prolonged recession.