Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Wireless Internet Leaders Band Together

MEDIACOM-RELEASE-

WALKER-WIRELESS-&-LIBER

WIRELESS INTERNET LEADERS BAND TOGETHER

Auckland: Wednesday January 19, 2000.:Two key players in New Zealand's wireless Internet sector have merged.

National Business Review controlled Liberty Wireless Internet is merging with Walker Wireless, a division of Walker Corporation

The joint company will trade as Walker Wireless Ltd.

Announcing the merger today in a joint statement from Walker Corporation Managing Director, Rod Inglis and NBR Publisher, Barry Colman, said the merged entity would allow the growing demand for high speed wireless connectivity to be met while capitalising on the infrastructure investments each had made.

Financial details of the merger are subject to a confidentiality agreement. Barry Colman will become a Director of Walker Wireless Ltd under the new structure in which Rod Inglis remains Executive Chairman.

Walker Corporation launched Walker Wireless in New Zealand in September last year offering high speed, quality, secure, dedicated Internet access and data connectivity to the business sector.

The highly successful launch resulted in Walker Wireless increasing its two way wireless Virtual Cable Network speed from 11 to 100 megabits-a- second, a month later, in response to customer demand.

"This is the most innovative technology currently available in New Zealand and wireless Internet business is one of the fastest growing areas in the whole Internet revolution," said Rod Inglis.

Barry Colman bought a controlling interest in Auckland based Alternative Futures Ltd late last year, re-branding the company's fledgling wireless operation under the Liberty Wireless Internet name. Since then Liberty has taken an aggressive approach to the market place.

"The benefits of a united approach with Walker Wireless are substantial with combined resources the company has leading edge technology and a substantial network. We expect current operations to grow at an even faster pace throughout New Zealand over the next few months."

Alternative Futures Ltd will retain its other Internet related businesses, including Internet service provider (ISP) Business Internet Solutions, e commerce unit and Logos Ltd and bandwidth assets. AFL acquired 24 MHz of satellite transponder space in November from Television New Zealand.

ENDS....


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>