Telecom's shares are near their lowest point, according to an analyst.
The New Zealand company's shares have dropped dramatically in recent months, following a series of faults with its XT mobile network and fears lower earnings might result in smaller dividend payments to shareholders.
A telecoms analyst with Forsyth Barr says Telecom's current share price is already close to what it would be under a worst-case scenario, which he predicts could be a share value of about $2.
Guy Hallwright says Telecom is unlikely to make a successful bid for the Government's ultra-fast broadband scheme.
However, Telecom's share price was up almost 4% to $2.24 at the close of trade on Tuesday.
