kactuss watch signal is oversold. report below is very positive....

kactuss watch signal is oversold. report below is very positive. is a great long term buy and hold at these prices

Chief executive Ms Theresa Gattung said Telecom's New Zealand
operations had performed solidly in the June quarter with earnings
before interest, tax, depreciation and amortisation (EBITDA) increasing
4.1 per cent, and 2.7 per cent for the year.
"Mobile, broadband, directories and IT services all performed
strongly while it was pleasing to see stability in access lines and
local service revenue and a moderation in expense growth," she said.
"In broadband we're seeing strong customer growth following the
launch of new, faster plans in April.
"For the quarter we had net connections of 51,000 including
39,000 from retail and 12,000 from wholesale.
"We now have 435,000 DSL connections - wholesale and retail -
which is approximately 25 per cent of all access lines.
"Mobile had another good quarter with double-digit voice and
data revenue growth (10.4 per cent on PCP) and this was largely driven
by data revenue growth.
"Freedom, our converged fixed-mobile offering, is proving
popular with customers with more than 50,000 signing up since its launch
in April and it is complementing our $10 text offer, which has been
confirmed for all of 2007.
"Bundled offerings such as Freedom and the Anytime access and
calling plans are increasingly popular because they give customers good
value," Ms Gattung said.
The CEO said the strong performance in New Zealand contrasted
with an EBITDA decline in Australia.
"We are responding to the challenges in the Australian
operations with significant investment in sales, customer services and
IT capabilities to improve customer growth and retention," she said.
Shares in Telecom NZ rose 11c to $3.46 on the ASX yesterday.
ENDS