August 15th, 2008
Loading ...
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.
News Tags:fortunes, lt, nara, phrase, private client business
Popular Hedge Fund Articles