Telecom NZ shareholders approve structural separation plan - Telecompaper.
99.8 Percent of Telecom New Zealand shareholders have voted in favour of the company's structural separation plan. Subject to the receipt of final court orders, Telecom will now separate its fixed-line access infrastructure business, Chorus, to enable Chorus to take a leading role in the government's Ultra-fast Broadband (UFB) initiative. The demerger is expected to be completed by 30 November.
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