Separated New Zealand Telecom debut

According to Reuters "Shares of newly structured New Zealand phone company Telecom Corp. debuted at NZ$1.97 on Wednesday while its spinoff network unit Chorus started at NZ$3.03 in a slightly firmer market."

"Telecom, once New Zealand's largest listed company, has split into a retail operation, and a fixed line operator, as a condition of winning the contract to roll out most of the New Zealand government-sponsored ultrafast broadband network."

http://www.reuters.com/article/2011/11/22/telecom-chorus-idUSL4E7ML38V20111122