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News

• Gen-i boss sells shares

  Gen-i's CEO Chris Quin has sold over $120,000 worth of Telecom shares to provide funds for family lifestyle choices, he says.
  The share sale isn’t an indication of his moving on elsewhere in the New Year, Quin says, adding that he’s looking forward to remaining with Gen-i and Telecom for “a long time yet.”
  According to Quin, the shares sold represent only a small part of his holding in Telecom, built up over the eighteen years he has been employed at the telco.
  “The shares are part of the remuneration package and vest from time to time,” Quin says.
  Asked how large his shareholding in Telecom is, Quin says he’s unsure how much of the company he now holds.
  Quin sold 49,935 Ordinary Shares in Telecom in three transactions on December 7, 8 and 9 this year, for a total of $120,584.76 as per an Ongoing Disclosure Notice issued to the New Zealand stock exchange.
  Meanwhile, Gen-i and the New Zealand Defence Force (NZDF) have extended their telecommunications and IT services relationship with the award of a new licensing contract.
  NZDF has awarded Gen-i a three year contract for Microsoft and other software licensing management, as well as NetApp hardware procurement with enabling software.
  NZDF says it anticipates reduced licensing costs, greater efficiency from its licensing and significant procurement and operating efficiencies.
  Gen-i currently provides NZDF with its desktop and laptop PCs and peripherals, managed data services, enterprise PABX (voice), infrastructure and equipment and professional services.

• Gen-i unveils cloud services, strategy

  Gen-i is launching a portfolio of cloud computing offerings for Australia and New Zealand, aiming to integrate these with the existing ICT infrastructure of customers.

• The serious business of business continuity

  In October, Air New Zealand suffered a serious failure when its mainframe went down, crashing the airline’s check-in, call centre and booking systems.

• Gen-i takes big earnings hit in September 09 quarter

  Telecom’s IT services arm Gen-i faced tough trading, with revenues dropping across most of its business in the last quarter.
  Overall earnings before income tax, depreciation and accounting charges fell by close to thirty percent, as customers cut spending and increased competition bit in Gen-i’s mobile and data businesses.See also: Telecom Q1 profits upTelecommunications earnings from local service, mobile, data and calling revenue all dropped significantly, mainly due to customers consolidating access lines, Voice over IP usage and price declines.
  Broadband and internet, however, was up from $6m to $7m but mobile revenue was relatively flat, despite Telecom’s new XT network and the marketing drives associated with it.
  IT solutions revenue declined a moderate 3.5 percent to $111m in the quarter ended September 30, 2009, buoyed by a twenty-five percent in internal revenue from the Telecom Group.
  Gen-i culled the number of full-time contractors by over half in the September quarter, for both telecommunications and IT solutions, reducing labour costs by six percent. However, this was offset by increases in permanent employee numbers.

• New Gen-i logo matches Telecom's

  Gen-i has rebranded itself, choosing the same new logo that Telecom adopted last week.

• Vodafone extends presence in retirement village operator

  Radius Health Group is providing fertile ground for both Gen-i and Vodafone to claim client wins, with different divisions of the healthcare provider choosing the two mobile providers.

• AA shifts 700 mobile devices to XT

  The New Zealand Automobile Association is moving its mobile users off Vodafone and on to Telecom's new XT network.

• Fonterra shifts to Telecom's XT

  Fonterra is moving to Telecom for its mobile services, adopting the new XT network for mobile handset and data-card services.

• Telecom profit falls sharply

  Telecom has reported (pdf) an annual profit of $398 million, down from $710 million last year, but still $12 million above analysts’ expectations.

• Finzsoft appoints new CEO

  Financial software provider Finzsoft has appointed Mark Sewell as CEO, replacing Keith McLaughlin, who resigned as managing director in June.

• Mobile carriers chart different paths to market

  Telecom has announced a series of business customer wins for its XT network over the past few weeks, but none of them so far are what would be considered huge.

• Gen-i claims corporate win for XT

  Gen-i is claiming a corporate win for its new XT mobile network, announcing today that Radius Health Group is shifting its mobile services off Vodafone.

• Gen-i claims 5,000 win-backs for XT

  Telecom's IT services devision Gen-i is claiming it has already won 5,000 users back from Vodafone for its XT network and expects 25,000 users of its CDMA network to upgrade to XT by the end of June.
  Gen-i’s head of mobile, Joe Caccioppoli, says Gen-i will offer "Gen-i only rates" for data, devices and plans reflecting the spending levels of large corporate clients with the company.

• E-Tales: twins?

  Cloud of Unknowing

• Gen-i wins telephony deal at NZ Post

  New Zealand Post is about to enter into contract negotiations with Gen-i to provide a total managed service of combined hardware and applications to replace its telephony environment.