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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (6492)	2/14/2000 9:10:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 13582

Australia's AAPT,Lucent In Network Contract Tie SYDNEY -- AAPT Ltd. (AAP), an Australian telecommunications concern, said Tuesday it has signed a contract with U.S. communications networking company Lucent Technologies Inc. (LU), to build and support its A$450 million-A$500 million code division multiple access (CDMA) mobile network. AAPT's majority shareholder, Telecom Corp. of New Zealand (NZT), also announced Tuesday that it has appointed Lucent to build a CDMA network in New Zealand. Telecom's chief executive officer, Theresa Gattung, said in a statement that Telecom and AAPT had selected Lucent independently. However, Gattung said there are "huge synergies and obvious customer benefits" with both companies choosing the same vendor. "Both the Telecom and AAPT teams will be working together on the development of this project and the use of resources," Gattung said. AAPT Chief Executive Officer Larry Williams said the contract with Lucent will give AAPT "one of the lowest infrastructure per subscriber costs that any telecommunications concern in the world has achieved to date." Williams said for AAPT the capital expenditure savings is estimated at about A$90 million, and there will be ongoing savings of about 20% of operational and maintenance costs. AAPT is considering a number of financing options for the network construction, including an offer by Lucent to provide 100% vendor finance. -By Damien Lynch; Dow Jones Newswires; 61-2-8235-2963; damien.lynch@dowjones.com Briefing Book for: A.AAP \| A.TNZ \| BEL \| LU \| NZT