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To: slacker711 who wrote (6467)	2/14/2000 4:59:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 13582

NZ Telecom: Lucent Technologies To Build CDMA Network WELLINGTON -- Telecom Corp. of New Zealand (NZT) Tuesday named Lucent Technologies to build a mobile phone network based on the code division multiple access (CDMA) standard in New Zealand. In a statement, Telecom said its 81.4%-owned Australian unit AAPT Ltd. (A.AAP) also is selecting Lucent as supplier of CDMA in Australia. Telecom announced in August it would invest around NZ$200 million in the CDMA technology which will be ready for commercial launch in 2001. It said AAPT will be spending A$450 million to A$500 million on its network. Both Telecom and AAPT selected Lucent after independent evaluations. Telecom Chief Executive Theresa Gattung said by using the same network supplier, Telecom and AAPT have been able to derive financial savings worth tens of millions of dollars. "Both Telecom and AAPT are getting a great deal more bang for their buck," she said in a statement. The two companies will be collaborating on the development of the project and use of resources, she said. The CDMA standard is compatible with third generation wireless networks which will allow high-speed data and multimedia communications via cellular handsets. The new network provides the same coverage as Telecom's existing analog network, and faster data transmission rates will be available at or shortly after launch. -By Chris Ritchie; Dow Jones Newswires; 64-4-801-8960 Briefing Book for: A.TNZ \| BEL \| NZT