Telecom Corporation of New Zealand Limited


Appendix 3E

Daily share buy-back notice
(except minimum holding buy-back and
selective buy-back)

Information and documents given to ASX become ASX’s property and may be made
public.
Introduced 1/9/99.  Origin:  rule 3.6, Appendix 7C.  Amended 30/9/2001.


Name of entity		ABN
Telecom Corporation of New Zealand Limited
		050 611 277

We (the entity) give ASX the following information.


Information about buy-back

1	Type of buy-back
	On market

2	Date Appendix 3C was given to ASX
	20 November 2007


Total of all shares bought back, or in relation to which acceptances have been
received, before, and on, previous day*

		Before previous day	Previous day


3	Number of shares bought back or if buy-back is an equal access scheme, in
relation to which acceptances have been received
	N/A	1,250,000

4	Total consideration paid or payable for the shares
	N/A	NZ$4,872,000.00


		Before previous day	Previous day


5	If buy-back is an on-market buy-back	highest price paid:
N/A
date: N/A

lowest price paid:
N/A
date: N/A

	highest price paid:
NZ$3.91

lowest price paid:
NZ$3.86

highest price allowed under rule 7.33:
NZ$4.01

Participation by directors

6	Deleted 30/9/2001.


How many shares may still be bought back?

7	If the company has disclosed an intention to buy back a maximum number of
shares - the remaining number of shares to be bought back
	Maximum of 15,000,000 shares to be brought back

Compliance statement

1.	The company is in compliance with all Corporations Act requirements relevant
to this buy-back.

2.	There is no information that the listing rules require to be disclosed that
has not already been disclosed, or is not contained in, or attached to, this
form.


Sign here: 	............................................................	Date:
26 May 2008
(Director/Company secretary)

Print name: 	.Craig Mulholland
== == == == ==

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 authorized.

		Telecom Corporation of New Zealand Limited

Date: 26 May 2008	By:	Craig Mulholland
	Name:	Craig Mulholland
	Title:	Group Company Secretary

Telecom Corporation of New Zealand Limited ———————————————————————————————————
(Translation of registrant’s name into English)

New Zealand ———————————————————————————————————
(Jurisdiction of incorporation or organization)

Level 8, North Tower Telecom House 68 Jervois Quay Wellington New Zealand
——————————————————————————————————— (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No