Auckland-based Craigs Investment Partners analyst Geoff Zame says spinning off Chorus would be expensive, but not $2b. "If that's the songbook [Telecom] want to sing to, then clearly they'll talk about the prohibitive costs."in reference to:
"Australian-based Craigs Investment Partners analyst Ian Martin says Telecom faces three levels of cost in a structural split: operating separate premises and systems; loss of synergy in operations; and loss of economies of scale."
- Chorus split costs prohibitive - business | Stuff.co.nz (view on Google Sidewiki)