NZ based fixed line infrastructure business may have crossed some investors’ minds as they scanned the main board for defensive orientated positions, especially as the shares are forecast to yield in excess of 4% over the next 12-months. The stock keeps promising and then failing to deliver, MM believes this is a time to keep it simple, we prefer Telstra (TLS) and TPG Telecom (TPL) in the Telco space.
MM is neutral CNU
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