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Cost reducing focus keeps Telecom on track

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Cost reducing focus keeps Telecom on track

By: Sam Thompson | Business News | Friday June 8 2012 11:46

 

Telecom says it's on track to meet its second half before tax earnings guidance of $560 million.

It's expecting net earnings to be near the top end of the 160 to $190 million guidance range.

Chief executive Chris Quin says despite increased competition their focus on reducing costs has kept them on track.

In another cost cutting move Telecom has de-listed from the New York Stock Exchange.

Mr Quin says it will reduce administration costs and complexity associated with the listing.

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