FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the period 16 March 2005 – 20 April 2005

TELECOM CORPORATION OF NEW ZEALAND LIMITED

(Translation of registrant’s name into English)

Telecom House, North Tower, 68-86 Jervois Quay, Wellington,

New Zealand

(Address of principal executive offices)

The registrant will file annual reports on Form 20-F

(File No.1-10798)

CONTENTS

This report on Form 6-K contains the following:

Miscellaneous

Linda Cox

Company Secretary

Telecom House, 68 Jervois Quay, P O Box 570, Wellington, New Zealand

Telephone (04) 498 9059 · Fax: (64 4) 471 0076

Mobile 027 4475 537

e-mail linda.cox@telecom.co.nz

19 April 2005

Market Information Services Section

New Zealand Stock Exchange

Wellington

NOTIFICATION OF ALLOTMENT OF SECURITIES

CORRECTION TO NOTIFICATION FILED ON 14 APRIL 2005

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Telecom Corporation of New Zealand Limited advises the following securities have been issued pursuant to the Share Option Scheme:

a) Class of Security	Ordinary Shares
ISIN	NZTELE0001S4
b) Number Issued	106,216
c) Issue Price	$4.43 - $4.94
d) Payment Terms	Cash
e) Amount paid up	In full
f) Percentage of total class issued	0.0054%
g) Reason for issue	Share Option Scheme
h) Authority for issue	Share Option Scheme
i) Terms of issue	The shares rank pari passu with the existing ordinary shares
j) Number of securities in existence after the issue	1,954,160,141
l) Date of Issue	11, 14, 18, 24, 29 and 30 March 2005 8 April 2005

Yours faithfully

Linda Cox

Company Secretary

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

TELECOM CORPORATION OF NEW ZEALAND LIMITED
By:	/s/ Linda Marie Cox
	Linda Marie Cox
	Company Secretary
Dated: 20 April 2005