The package included Reynolds' base salary, a performance-assessed short term incentive, and special payments.
The information was released prior to the publication of Telecom's annual report, which will be published along with Telecom's de-merger scheme booklet, during mid-September.
Telecom had experienced a very strong year, including reaching agreement with the Government for partnership on both ultra-fast broadband and the rural broadband initiative, at the same time as delivering a strong operational performance, Telecom chairman Wayne Boyd said.
"As such, it is the view of the board that Dr Reynolds has more than achieved the objectives that were set for him and his team at the start of the financial year, and this is reflected in his remuneration for the period,'' he said.
