By Ray Lilley
Friday 13th October 2000 |
Text too small? |
Theresa Gattung |
In her first address as chief executive, Theresa Gattung lauded Australia as the highlight of the past year, with the purchase of telecommunications company AAPT and the deal securing the $A500 million five-year Commonwealth Bank telco contract.
Ms Gattung said she expected the full purchase of AAPT to be completed by next month.
She pointed to the launch of the new CDMA mobile phone network by mid next year as giving New Zealand's love affair with mobile phones "a shot of adrenalin."
Investors quietly hoped the same would happen to the sagging share price, although reduced dividend payouts were not expected to recover quickly either way.
Ms Gattung said CDMA, with higher data speeds, handsets with bigger screens and a range of new services will be driven "hardest and fastest" by a youth market which sees mobile connectivity as central to their lifestyle and identity.
The recently completed interconnection deals with Clear, Telstra Saturn and Vodafone showed the local industry could resolve differences without regulatory intervention, Ms Gattung said.
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024