Telecom NZ’s EBITDA rises almost 2%

www.WirelessFederation.com/news: Telecom New Zealand’s EBITDA increased almost 2 percent year-on-year and revenues and net earnings slide in the second quarter ended December 31. With 1.7 percent increase, EBITDA rose to NZD 425 million from NZD 418 million.

However, the company suffered 6.5 percent decline in the revenues sliding to NZD 1.32 billion from NZD 1.41 billion in the year-ago quarter.

Telecom ended the quarter with 467,000 customers for its XT mobile network and by attracting 60,000 new mobile customers in the three-month period, the company ended the quarter with a total of 2.310 million mobile customers. Telecom Retail attracted 64 percent of the new customers during the quarter and held its market share at 57 percent.