Hedge fund gets all of its ducks in a row
Friday, August 15, 2008 : PermalinkNew 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.
Tags: fortunes, lt, nara, phrase, private-client-business
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