NZ Government approves Telecom NZ's separation plan

摘要

The New Zealand Government has approved Telecom NZ's plan to split Its assets after structural separation - the first major step In Telecom's proposed demerger process. The plan identifies how assets and liabilities will be split during Telecom's proposed demerger and the key terms of all intended material sharing arrangements. Under structural separation, Telecom's current access network arm, Chorus, will become a separate entity and the main provider of fixed-line telecommunications infrastructure.