Peter Shirtcliffe, chairman of Telecom New Zealand at the time and leader of the Campaign for Better Government (CBG), a group opposed to MMP, said MMP "would bring chaos".
Fay and Richwhite were also involved in a series of transactions between 1986 and 1993 involving their companies European Pacific Investments; Capital Markets; Fay, Richwhite; the Bank of New Zealand; Tranz Rail; and Telecom New Zealand, transactions in which they personally gained over half a billion dollars at the same time as their minority shareholders lost NZD$277 million.
The team currently runs the #10 Skinny Mobile Holden for Richard Moore, the #15 Orix Holden for Morgan Haber, and the #1 Mike Pero Mortgages Holden for former V8 Supercar driver Greg Murphy.
PostBank was formed when the New Zealand Post Office (a former Government Department) was split up by the Postal Services Act 1987 into Post Office Bank Ltd (trading as PostBank), New Zealand Post Ltd (a Postal Services company) and Telecom Corporation of New Zealand Ltd (a telecommunications company).
The company is owned by Telecom New Zealand (50.01%), SingTel (39.99%) and Verizon Business (10.00%).
Most of Telecom's competitors and many independent commentators such as InternetNZ and Paul Budde applauded the decision, with opposition to unbundling coming from the Business Roundtable, Federated Farmers, and Bruce Sheppard (representing Telecom shareholders).
Members include AT&T, BT, Orange, NTT DoCoMo, China Mobile, Cisco, LG, Intel, Ericsson,CableLabs, MediaTek, Mosaik Solutions, NEC BIGLOBE, Qualcomm, Sharedband, Smith Micro, Spice Digital, Telkom Indonesia and Telecom New Zealand.
New Zealand | Hamilton, New Zealand | New Zealand national rugby union team | New Zealand Māori rugby league team | Zealand | New Zealand National Party | New Zealand Māori | New Zealand Labour Party | Nelson, New Zealand | New Zealand national football team | New Zealand State Highway 1 | Governor-General of New Zealand | Prime Minister of New Zealand | New Zealand national rugby league team | Zealand (Denmark) | Royal New Zealand Navy | Royal New Zealand Air Force | New Zealand Railways Department | New Zealand national cricket team | Bank of New Zealand | The New Zealand Herald | New Zealand State Highway 6 | New Zealand dollar | Devonport, New Zealand | Television New Zealand | Telecom New Zealand | New Zealand women's national football team | New Zealand Symphony Orchestra | SK Telecom | Queenstown, New Zealand |
New Zealand Forest Products (NZFP) was New Zealand's largest industrial company from its creation (following the consolidation of the New Zealand timbermilling sector) in 1936 until the privatisation of state-owned Telecom New Zealand in 1990.
JetStream and Mobile JetStream are two former brand names used by Telecom New Zealand to market its retail and resale ADSL-based fixed line and CDMA2000-based 3G wireless Internet access offerings respectively.