Any locals looking to make an offer to buy Telecom New Zealand’s shareholding in Telecom Cook Islands have only a few days left.

The Business Trade and Investment Board has again changed its mind about how long Telecom New Zealand must advertise its shareholding in Telecom Cook Islands.

Telecommunications Minister Mark Brown says he has no preference for who becomes the new majority shareholder of Telecom Cook Islands.

Details are sparse about the latest local consortium to submit an expression of interest for the purchase of shares in Telecom Cook Islands.

A new report has found Telecom Cook Islands’ prices are among the highest in the region for low-level mobile use but the cheapest for texting and data use.

Telecom Cook Islands senior management has joined a consortium led by local Cook Islands investors to submit a formal expression of interest for the 60 per cent Telecom NZ shareholding in Telecom Cook Islands.

Local businessman William Framhein has joined forces with an overseas telecommunications company and made an 11th-hour offer to buy the Telecom Cook Islands shares.

Another local bid for a block of shares in Telecom Cook Islands is currently in the works.

Mike Tavioni is demanding that locals be given more time to band together and make an offer on Telecom New Zealand’s majority stake in Telecom Cook Islands.

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