Forum Archive Index - May 2000

["Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>]

TMN up 13% tpday.  Remember it was A$3 last week (and temporarily dropped below)?  Three days good gains, now at A$5.10.  Announcement from today is pasted below.

 

 

TELEMEDIA NETWORKS INTERNATIONAL LIMITED      2000-05-17  ASX-SIGNAL-G

HOMEX - Melbourne                                                    

+++++++++++++++++++++++++
Telecommunications software provider Telemedia has won a deal to
provide internet service provider I-4-Free with the latest data
switching technology.

The equipment will enable New Zealand's fastest-growing internet
provider to accommodate the rapidly increasing customer demand for
its services.

Telemedia chief executive Chris Jones said under the deal his company
will provide I-4-Free with state-of-the-art switching equipment.

"We're delighted to be providing one of New Zealand's most innovative
ISPs with technology that will further enable it to grow its market
position and meet the needs of customers nationwide."

The deal could be worth up to US$2 million to Telemedia over the next
six to nine months, based on I-4-Free customer number projections.

I-4-Free chief executive Annette Presley said the company chose
Telemedia because of the proven performance of its equipment.

"The extremely high density switching box they are providing will
enable us to fit more modems in each rack, thus accommodating the
massive growth we're experiencing."

"Telemedia's reputation for providing exceptional switching solutions
played a key role in our decision to appoint them to support us in
this critical element of our business," said Presley.