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Hedge fund gets all of its ducks in a row

New Zealand Herald – Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman – including recently appointed Infratil director Mark Tume – to join the Telecom board.

Telecom is on the fringes of the media world but National Party proposals for a huge broadband rollout will have an enormous impact on media and suggest Telecom will have a big role in media infrastructure.

And Elliott’s press release – linking the nomination of Tume and Mark Cross to Elliott’s calls for a wider structural break-up of Telecom – have added to questions about the way ahead for New Zealand’s biggest publicly listed company.

Should Tume win a place on the board he would bolster the bridge between two big infrastructure companies – Telecom and Infratil.

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