New Zealand Telecom’s CFO resigns
www.WirelessFederation.com/news: The chief financial officer of New Zealand’s Telecom Corp, Russ Houlden is to leave the company, as a part of the fast management changes taking place in the telco. Houlden joined Telecom Corp as CFO in April 2008 and will now take up a new finance chief post at an as yet unnamed FTSE 100 company.
By accepting the offer, he will get a chance to return back to UK. While praising Houlden for his contribution to the company during a time of profound change and significant challenges, Telecom Corp CEO Paul Reynolds opined that Russ has brought great rigor, discipline and insight to its financial planning processes as the company’s transformation gathered pace.
Houlden’s departure date has yet not been finalized but it has been made clear that he will remain with the company until a successor is in place. Houlden’s departure from the company is third in the row after wholesale and international division chief Matt Crockett resignation and networks and transformation chief Frank Mount dismissal.
New Zealand Telecom to get NZ$100m from Alca- Lu as compensation
www.WirelessFederation.com/news: NZ$100 million will be paid by Alcatel-Lucent to New Zealand’s Telecom Corp as a compensation for a series of outages of its high-speed XT mobile network in recent months. However, no comment has come from the concerned party.
According to Telecom Corp’s Paul Reynolds, the company is working with Alcatel-Lucent on any issues in its contract confidentially and privately as it should. The compensation deal has been discussed by Alcatel-Lucent chief executive Ben Verwaayen with Telecom Corp executives when he visited the company last week.
Meanwhile, results of a study into the XT network carried out by industry analysts Analysys Mason has also been released by Telecom Corp last week.
New Zealand Telecom eyeing $400m to switch networks—report
New Zealand Telecom plans to spend up to $400 million to switch its mobile network to technology used by competitor Vodafone, local media reported.
New Zeland Telecom was about to announce a deal with Alcatel-Lucent to build a GSM network costing $300 million to $400 million, local paper Communications Day reported.
The carrier would keep its current CDMA network for high-speed data services and voice calling as it moved customers to the new network, the report said.
Vodafone uses GSM technology for its 021 network.
New Zealand Telecom spokesman Mark Watts would not comment on the possibility of a deal with Alcatel Lucent.
No deal has been announced. There’s speculation around it and I’m not going to add to it,” The New Zealand Herald quoted the executive as saying.
The speculation adds spice to an appearance of the carrier’s soon-to-retire chief executive Theresa Gattung at a Telecommunications Users Association of New Zealand conference in Wellington.
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