http://www.nzherald.co.nz/story.cfm?c_id=5&ObjectID=10381809
Sounds like Telecom and Woosh are going to cut a deal that could see them starting up a UMTS network. Woosh will get to use WiMax spectrum from Telecom and as a trade off, Telecom will get to use the 2ghz spectrum Woosh has.
Sounds like a win-win situation to me for both networks.