Telecom shares surge on news of UFB contract win

Share price hits 16-month high after news is announced

Telecom’s share price has soared following news that it has won the UFB contract for Auckland, the eastern and lower North Island and most of the South Island, excluding Christchurch.

The share price reached $2.435 this morning, the highest level for 16 months, before falling slightly as of 4.17pm to $2.430.

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Tags telecomUFB

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