To: CDMQ who wrote (757 ) 8/11/1999 4:16:00 PM From: GO*QCOM Respond to of 13582
LEAP WIRELESS sale of OZ Phone was to a CDMA carrier who plans a CDMA expansion therefore it wanted to purchase OZ Phone from Leap.Hope this helps!By the way are we planning another Post shareholders gathering at building K in 2000? Tuesday August 10, 12:22 am Eastern Time AAPT adds to CDMA spectrum for A$25 mln SYDNEY, Aug 10 (Reuters) - Telecoms group AAPT Ltd said on Tuesday it has acquired additional CDMA spectrum through the purchase of OzPhone Pty Ltd, a unit of Leap Wireless Inc (Nasdaq:LWIN - news), for A$25 million. AAPT said the purchase would increase its cover for the mobile phone technology by about about three million people to a total population of nearly 10 million people. The OzPhone spectrum covers 5.86 million people in Brisbane, Perth, Cairns, Mackay, Maryborough, Grafton, Tasmania, regional West Australia, remote Queensland and remote West Australia. ``This is a valuable investment for us as it increases both the breadth and the depth of our existing CDMA (Code Division Multiple Access) coverage,' said AAPT group director, strategic development, Steve Picton. AAPT would double its capacity in Brisbane and Perth from five to 10 megahertz, and already had 10 megahertz in Adelaide, he said. Its spectrum now covered all of Queensland and Tasmania. ``This increased capacity in our network will enable us to improve our network efficiencies as well as provide high levels of mobile data and Internet services,' Picton said. ``It also provides us with the backbone to carry high-speed third generation wireless data services in the future.' AAPT won rights to CDMA spectrum in auctions in May last year, covering about 6.5 million people in areas including Adelaide, Perth, Canberra and regional South Australia and Victoria. The company said last month it had narrowed its choice of an equipment supplier to roll out the network, but had not made a final decision. AAPT shares were down nine cents at A$4.66 a share in afternoon trade. -------------------------------------------------------------------------------- More Quotes and News: Leap Wireless International Inc (Nasdaq:LWIN - news) Related News Categories: US Market News -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright ¸ 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?