Telecom has this morning reported a 43.9 per cent fall in full year net profit to $398 million.

On Monday, Fisher & Paykel Appliances will take its first steps towards a major boardroom shake-up.

New mobile network 2degrees is spearheading a campaign against New Zealand's relatively high mobile termination rates.

2degrees investor Brad Horwitz says NZ's mobile phone call prices - and the number of calls made - are 20 years behind.

A telecommunications lobby group says 2degrees' low price entry into the mobile phone market shows we've been paying too much all along.

Newcomer mobile phone company 2degrees says pre-paid customers have been 'treated like second class citizens' until now.