Telecom yesterday handed over to the Government a 100-page document detailing a plan to split the business into three.
The company had been given 20 working days to provide a draft separation plan in response to a determination released last month by Communications Minister David Cunliffe. The contentwill be released for public comment today.
The Government last year legislated for the breakup of the telco giant into three operating units - retail, wholesale and network - in a bid to boost competition in the telecommunications sector.
The intention is to force Telecom to provide rival telcos with services at the same price and commercial terms as offered to its own business units.
Telecom had originally opposed the split plan, instead favouring a model of structural separation which would have seen its retail and wholesale operation under light regulatory management and the network hived off into a separate company.
However, discussions between Government officials and Telecom's new chief executive, Paul Reynolds - a veteran of British Telecom's operational separation - has allayed some of Telecom's original concerns on the plan's workability.
At the company's annual meeting last month Reynolds ruled out spinning off and selling the network assets.
