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Technology Stocks : Nokia (NOK)

NOK 7.030

+1.7%

Nov 12 3:59 PM EST

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To: Maurice Winn who wrote (13605)	9/29/2001 9:13:58 AM
From: Eric L	Read Replies (2) of 34857

re: (More) GSM in New Zealand I thought you had these Maori under control? >> New Zealand to Get a Second GSM network UK Cellular News September 27, 2001 New Zealand's Hautaki Charitable Trust has signed an agreement with Econet Wireless International to develop a third cellular network in New Zealand. The Hautaki Charitable Trust is a Maori trust that was allowed to purchase a block of 3G spectrum in auction earlier this year at a 5% discount to the other bidders. Econet Wireless already owns a chunk of GSM spectrum after it purchased Northelia earlier this year. The agreement between Hautaki and Econet will allow Econet to build a network and lease its 3G spectrum. The Hautaki Trust will retain a right to purchase 30% of the joint venture at a later date. The company plans to build a GSM network and will use recent legislation to force Vodafone to allow it to roam onto the Vodafone GSM network while it builds out its infrastructure. << - Eric -

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