The NZX announced a trading halt on Telecom shares shortly after 10am today. The halt was lifted at 10.38am, following several announcements about the government's UFB (ultra-fast broadband) programme.
The full announcement about that halt reads as follows:
"NZX Market Supervision advises that, at the request of the company, it has placed a trading halt on Telecom Corporation of New Zealand Limited (TEL) securities. The trading halt has been placed pending a material announcement by the company."
Telecom's share price is currently $2.13.
