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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).

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