Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Telstra to own 50% of 3 operations in Australia
Posted on 7-Aug-2004 09:57. | Tags Filed under: News.



Telstra CEO, Dr Ziggy Switkowski, and Hutchison CEO, Mr Kevin Russell, have announced the signing of a Heads of Agreement to establish a 50/50 enterprise to jointly own and operate H3GA's existing 3G radio access network and fund future network development.

Under the agreement, the H3GA radio access network will become the core asset of the joint enterprise. In return for the 50 per cent ownership of the asset, Telstra will pay Hutchison $450 million, under a fixed payment schedule, in four instalments, starting November 2004.

The joint enterprise will open opportunities for new revenues for Telstra and H3GA, stimulate growth in 3G service uptake and provide significant savings in 3G network construction capital expenditure and operating expenses such as site rental and maintenance.

Telstra will launch its 3G services to customers in 2005, utilising the entire H3GA network footprint of more than 2000 base stations covering Sydney, Melbourne, Brisbane, Adelaide and Perth.



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

$1160 for a car battery??!!
Created by jonathan18, last reply by mattwnz on 20-Jan-2017 22:34 (52 replies)
Pages... 2 3 4


The President Of The USA: Donald Trump
Created by TimA, last reply by Pumpedd on 20-Jan-2017 22:03 (1778 replies)
Pages... 117 118 119


Xtra email no longer receives on Outlook 2003 / Outlook 2011 for MAC
Created by lNomNoml, last reply by Spong on 20-Jan-2017 23:00 (20 replies)
Pages... 2


New Ford Mustang or Holden Commodore or alternatives
Created by MikeB4, last reply by blakamin on 20-Jan-2017 21:59 (58 replies)
Pages... 2 3 4


Lost Mp3 collection, how to rebuild on the cheap (legally)?
Created by TeaLeaf, last reply by kickintheeye on 18-Jan-2017 23:05 (18 replies)
Pages... 2


Upsize my American houses to McMansion value deal.
Created by kingdragonfly, last reply by richms on 18-Jan-2017 15:48 (14 replies)

Spec check on laptop for GoPro editing please
Created by martyyn, last reply by richms on 20-Jan-2017 17:23 (13 replies)

New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by noroad on 19-Jan-2017 11:14 (55 replies)
Pages... 2 3 4