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Telecom Corp of New Zealand : Telecom secures standby facility

04/12/2012 | 09:21pm US/Eastern
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Telecom has today announced that it has secured a three year, NZ$600m, committed standby revolving credit facility.

The facility is provided through participation from Australasian and global banks.

"The agreement of this facility helps to ensure Telecom has sufficient liquidity to meet its business needs over the next three years," said Nick Olson, Telecom CFO.

"Telecom remains committed to A-band credit ratings with Moody's and Standard & Poor's."

- ends -

Contact: For more information, please contact:

Ian Bonnar
Head of Group Communications
+64 (0)27 215 7564

Stefan Knight
Head of Investor Relations
Telecom New Zealand
+64 9 355 5275

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