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To: Bernard Levy who wrote (758)	11/30/2000 3:41:33 PM
From: Mark Oliver	Read Replies (1) of 792

Australia's Optus pays A$37 million for 27-GHz spectrum By Reuters staff 28 November 2000 The Australian Communications Authority said on Tuesday that Cable & Wireless Optus Ltd had paid A$37 million in an auction for 27 GHz spectrum to be used to deploy a local multipoint distribution system (LMDS) network. C&W Optus, which has issued an information memorandum to overseas and domestic carriers for the sale of all or part of its business, said that LMDS network would deliver high-speed data and voice, particularly to many regional centres. LMDS is a terrestial or fixed wireless communication service. Shares in C&W Optus, which is 52.5 percent-owned by Cable & Wireless Plc, closed 11 cents higher at A$4.18.

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