0001193125-13-390428.txt : 201310040001193125-13-390428.hdr.sgml : 2013100420131003181240ACCESSION NUMBER:0001193125-13-390428CONFORMED SUBMISSION TYPE:6-KPUBLIC DOCUMENT COUNT:5CONFORMED PERIOD OF REPORT:20131004FILED AS OF DATE:20131004DATE AS OF CHANGE:20131003

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:TELECOM CORP OF NEW ZEALAND LTDCENTRAL INDEX KEY:0000875809STANDARD INDUSTRIAL CLASSIFICATION:TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]IRS NUMBER:000000000FISCAL YEAR END:0630

FILING VALUES:FORM TYPE:6-KSEC ACT:1934 ActSEC FILE NUMBER:001-10798FILM NUMBER:131134965

BUSINESS ADDRESS:STREET 1:TELECOM HOUSESTREET 2:68 JERVOIS QUAYCITY:WELLINGTONSTATE:Q2ZIP:00000BUSINESS PHONE:64 4 4989103

MAIL ADDRESS:STREET 1:PO BOX 570STREET 2:WELLINGTONCITY:WELLINGTONSTATE:Q2ZIP:00000

6-K1d607321d6k.htmFORM 6-K

Form 6-K

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

4October 2013

TelecomCorporation of New Zealand Limited (Telecom)

(Translation of registrants name into English)

New Zealand

(Jurisdiction of incorporation or organization)

Level 2,

Telecom Place

167 Victoria Street West

Auckland

New Zealand

(Address of principal executive office)

Indicate by check mark whetherthe registrant files or will file annual reports under cover of Form 20-F or Form 40-F: xForm 20-F Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-TRule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the informationcontained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of1934:YesxNo

If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):n/a

Table of Contents

This report on Form 6-K contains the following:

1.Media Release - 2013 Shareholder Update

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

Telecom Corporation of New Zealand Limited

Date: 4October 2013By:/s/ Silvana Roest

Name:Silvana Roest

Title:Company Secretary

Table of Contents

2013
SHAREHOLDER
UPDATE
Dear Shareholder,
Welcome to the second edition of our Shareholder Newsletter. Hopefully you will get the sense after reading this newsletter that Telecom is starting to build momentum in turningyour business around.
With global and local industry changing massively, and with Telecoms traditional sources of revenue in decline over recent years, theimperative for change was undeniable. Weve made the strategic choice to aspire to become a growing New Zealand company, winning by customers choosing us to connect them at the speed of life. To be number one in mobile, data,effortless service and cost.
To deliver that turnaround, we need to become significantly more cost-competitive in the near-term, and we need to create new sourcesof revenue to deliver longer term growth. As you would have seen from our annual results announcement in late August 2013, we have set down some solid early markers in terms of our strategy but we still have a lot of work to do to lift ourperformance.
In my first year since returning to Telecom, Ive seen how technology is fast changing everything for our customers. Ive met with hundredsof New Zealanders and heard what matters to them, and what they think of Telecom - or in many cases, why they dont think of us at all! If we are to be their chosen provider, our company needs to change at the same rate and deliver them atechnology future they can feel confident in.
To achieve this, we will need to do only the things our customers value - and stop doing the things they no longervalue. To be effortless to deal with, we will need to be determined and courageous about fixing or removing things which slow us down. To be relevant to younger, more mobile, more ethnically diverse New Zealanders, we will need to invest in ourbrands, technology platforms and products - to engage and grab their attention and encourage them to choose us.
Creating tomorrows Telecom will not happenwithout commitment, strong execution and decisive action, sustained over a long period of time. But we are determined to become the Telecom that our customers and shareholders want and expect us to be.
I trust you find this newsletter useful. We welcome any feedback, which you can provide via email to investor-info@telecom.co.nz
SIMON MOUTTER
Chief Executive
Find out how to make technology work better for you.
6.10pm Sunday - Thursday TV One
techinasec.co.nz

Table of Contents

2013 SHAREHOLDER UPDATE // OCTOBER
FY13 RESULTS
CHANGING AS FAST AS LIFE ITSELF.
As you will be aware, our FY13 results wereannounced on 23August 2013. So how did Telecom do?
Our net earnings after tax were NZ$238 million for the financial year ending 30June 2013. Thatreflects the early impact of the major strategic shift thats underway right across the company.
During the year, we began our big shift from a traditionalfixed and mobile infrastructure company to a future-oriented competitive provider of communication, entertainment and IT services, delivered over our networks and the Cloud.
We made some deliberate calls: to grow share in the mobile market, hold share in the broadband market, refocus the Gen-i business services portfolio and significantly reduceoperating costs.
We were conscious these decisions would likely have a negative impact on short-term operating revenues and margins. However, we believe they haveenhanced Telecoms position for the longer term, by strengthening our customer base and improving our cost competitiveness.
Overall we had a weaker secondhalf financial performance. Adjusted EBITDA for the second half of the year was down 4.1% versus the second half of the prior year, with Retail, Gen-i, Wholesale& International and AAPT all experiencing EBITDA declines, due to the impactsof intense price competition, partially offset by reduced labour costs.
Although financial performance was weaker, there were encouraging signs of growth andstability in the customer base. We also invested in new service initiatives for customers. These included Telecommunity, an online site where customers can share helpful information and solve problems, and the Tech in a Sec TV and onlineseries of videos with helpful hints on a wide range of topics.
We also created a new business unit, Telecom Digital Ventures, to act as an in-houseincubator and focus on developing new business opportunities.
While good progress had been made during FY13, especially on the cost side, the market inwhich Telecom operates continues to evolve and our business must continue to change at pace. FY14 will be a big year for Telecom as our turnaround gathers even more momentum.
Take the easy road
Telecom shareholders can choose to receive all communicationselectronically. This makes it more efficient and convenient for you, plus it reduces environmental impact and cost.
You can select how you receive communicationsfrom Telecom by visiting www.investorcentre.com/nz. You will need your CSN/Security number and FIN on hand to make your choice. Select View Portfolio and log-in. Then select Update My Details and CommunicationOptions.
Introducing
Telecom Tomorrow
In September this year, Telecom unveiled a new online communications channel, Telecom Tomorrow. tomorrow.telecomgroup.co.nz
With the rapid pace of change in todays digital world, keeping up with what is happening in the world of technology and telecommunications is not always easy. TelecomTomorrow is aimed at providing insights on digital living and technology trends. Have a look and feel free to share any of the stories or videos you see with others.
Talk and Text to friends
overseas with our
International Extra
$9 per month
90 minutes 90 texts
If you have friends or family in Australia, UK, USA, Canada or Ireland,you can use any Telecom mobile to chat for up to 90 minutes and send up to 90 texts - all for just $9 a month. Go to Your Telecom or bookmark m.telecom.co.nz/yt to set it up on your mobile today. telecom.co.nz/mobextras
02

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2013 SHAREHOLDER UPDATE // OCTOBER
Building NewZealands
biggest WiFi network
Following a successful summer trialperiod which has been extended through to spring, Telecom is expanding its public WiFi initiative and building the countrys largest public WiFi network.
Weall know that Kiwis are better connected than ever before, and internet-enabled devices are now in most handbags, school bags or briefcases. The explosion in the use of these devices allows customers to be better connected to the experiences andinformation that matter to them.
A large-scale WiFi network has the potential to be a really good way of helping customers make the most of those devices on-the-go24/7 and will be very complementary to Telecoms other leading networks in mobile and broadband. It will enable us to be more relevant to a wider group of customers.
So far this year we have already added hundreds of hotspots to the network, mainly in Auckland, Wellington and Christchurch, and we aim to have many more sites active around thecountry by the end of 2013.
The national WiFi initiative is being overseen by Telecom Digital Ventures, the new growth unit within Telecom set up to focus on highpotential business opportunities.
Waiting is over.
Ultra Broad band is here.
Telecom Ultra Broadband means super-fast speeds and better online experiences. No more long waits for films, files or music to download and upload. Fewer loadingbars and buffering wheels. Its the Internet as it should be.
4G LTE MOBILE on its way
Now that 4G LTE technology trials are complete, the network build is well underway and 4G LTE Mobile will be live in parts of the country by the end of the year.
This is another way we are helping Kiwis get better connected. We have continued to increase the speed, coverage and capacity offered by the 3G Smartphone Network over time. 4G LTEMobile will build on that, working seamlessly with 3G and Gen-i mobility services and delivering a great mobility offer - taking our customers mobile experience to the next level.
All our networks will complement each other in providing customers with the 24/7 anywhere, anytime connectivity that is increasingly expected.
Your moments captured like never before
The Nokia Lumia 1020 takes photos and video that noother smartphone can match with a 41 megapixel camera sensor, PureView technology, Optical Image Stabilisation and amazing high-resolution zoom. The Nokia Lumia 1020 runs on Windows Phone 8, the only mobile operating system on the market that hasbuilt-in Microsoft Office Mobile.
03

Table of Contents

2013 SHAREHOLDER UPDATE // OCTOBER
TELECOMTURNAROUND
Network for Learning
Telecom has welcomed back a former teammember, Matt Crockett, to the fold to take up the new role of Chief Turnaround Officer.
Matt is leading Telecoms cost and business improvement programme,first signalled at Telecoms investor day in May 2013. Known internally as the Turnaround Programme, this is overseeing the identification and implementation of initiatives enhancing Telecoms business performance and capabilities acrossall business units and support functions.
Prior to rejoining Telecom in June, Matt, a Rhodes Scholar, was at APN News and Media, a leading media company operatingradio, outdoor, publishing and digital media businesses across Australia, New Zealand and Asia. Before joining APN, Matt was the Chief Executive Officer of Telecom Wholesale and International, a Telecom division providing wholesale network servicesdomestically and internationally.
Gearing up for the Data Future
With bigdata becoming increasingly important, Gen-i has continued to expand its data centre capability, opening a new $10.5 million Tier 3, data centre in Christchurch in August, and announcing plans for a new $60 million South Auckland data centre to bedelivered in FY14.
The new Christchurch facility complements the existing network of 14 Gen-i data centres and five Revera data centres across New Zealand, andwill boost the ability to meet growing demand for ICT solutions that harness the speed of new fibre and mobile networks, such as cloud, mobility, video and collaboration.
Our customers are adopting exciting new applications that harness our fixed and mobile networks to deliver greater flexibility, efficiency, productivity and engagement for theirorganisations. Data centres sit right at the heart of our capability to deliver these outcomes. Our expanded data centre capability reflects Gen-is broader commitment to ongoing investment in the things that make a real difference for itscustomers.
With the link between technology and education becoming ever stronger, Telecom was selected in August as Network for Learnings (N4L) technologypartner for the delivery of a fast, reliable and safe online educational environment for New Zealand schools.
Gen-i, Telecoms ICT services division ishelping N4L build a solution encompassing managed network services, internet access, security and content filtering.
Telecom is proud to be contributing to thisexciting initiative, which will leverage the Governments significant investment in UFB and RBI to deliver critical social and economic benefits for New Zealand. N4L will take New Zealands education community towards an exciting newfuture, where technology is leveraged to enrich and broaden the learning experience.
2013 ANNUAL MEETING reminder 8November 2013
10.00 am
Conference Centre,
Level 2, Telecom Place,
167 Victoria Street West,
Auckland.
To find out more about Telecom products and services, visit www.telecom.co.nz
or visit your nearest store.
telecomnz
04

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