AAPT CEO Paul Broad has promised two “ball-breaker” new consumer services by the end of the year as it seeks to overcome a drastic drop in consumer revenue.
AAPT CEO Paul Broad has promised two “ball-breaker” new consumer services by the end of the year as it seeks to overcome a drastic drop in consumer revenue.
“You’ll see we’ve got some really clever products two more before Christmas. It’ll be very competitive, it will be ball-breaker stuff, so to speak,” said Broad, reported by ZDNet.
AAPT is a subsidiary of NZ Telecom which reported that AAPT’s revenue dropped 12 percent in the year to A$955 million to June 30, led by a 24 percent drop in consumer services.
However AAPT’s earnings grew by 6 percent, due to cost containment programs, a 10 percent headcount reduction and moving a consumer call centre to Manila, Telecom said.
Mobile revenue was down $56 million, due to sale of a standalone customer base and the impact of capped calling plans. Broadband and Internet revenue rose 2.6 percent.
Data revenue which includes revenue from PowerTel, acquired in 2007 was up 6.5 percent at $133 million.
Telecom NZ itself reported a 43.9 per cent fall in full year net profit to
NZ$398 million (AU$324.08 million), continuing a recent downward trend.
Adjusted revenue for the year to June 30 was down 2 percent at NZ$5.58 billion ($4.54 billion).
