Hutchison and Telcom New Zealand form 3G alliance

date: May 12, 2001 - source: Telecom New Zealand

Hutchison Telecommunications and Telecom Corp of New Zealand today announced the formation of a major strategic 3G alliance.

The alliance aims to take a significant share of the Australian mobile market through early launch of "3rd Generation" wirefree communication services and to reinforce TCNZ’s continued mobile market leadership in New Zealand.

The alliance will result in the formation of a dedicated new operating company in each of Australia and New Zealand focussed on 3G products and services. The alliance will have access to the global resources of the Hutchison 3G group for content, applications, technology, management expertise and branding.

Given the relatively low cost of 3G spectrum licences in Australia and New Zealand, both markets represent attractive opportunities.

Commenting on the alliance, Telecom New Zealand Chief Executive, Ms Theresa Gattung said: “This is an exciting development for us. It demonstrates further progress in our mobile strategy for the region and provides relatively low-cost entry to cellular network services in Australia with a partner who has global leadership in 3G.

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