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


Telstra Saturn buys Paradise

Media statement
For immediate release 2 April 2000

Telstra Saturn buys Paradise

Austar United announced today its subsidiary, Saturn Communications has purchased Internet Service Provider (ISP), Paradise Net Limited.

Austar United and Telstra Corporation recently announced the merger of their subsidiaries, Saturn Communications and Telstra New Zealand. After the merger Paradise Net will become part of Telstra Saturn.

Telstra Saturn Chief Executive, Jack Matthews said he considered the purchase of Paradise Net to be the first strategic move made by his management team and Board.

“The purchase of Paradise is logical because it delivers to Saturn residential what Netlink currently provides for Telstra Business. Whether our customers are at home or at work we will deliver them affordable high-speed Internet products and services,” Jack Matthews said.

Paradise Net Limited has 33,000 subscribers throughout New Zealand. Most subscribers are residential. Paradise Net was founded by Shane Cole and Harry Galanakis in 1997.

“This decision sends clear signals to our customers and the market that Telstra Saturn is focused and determined to move quickly to build a nationwide state-of-the-art communications company,” he said.

As part of the purchase agreement Telstra Saturn will employ Shane Cole, Vasilis (Billy) Giannakakis and other Paradise staff.

“Paradise is a well run company and it was important to us to retain their skills, their vision and energy,” Jack Matthews said.

“Paradise have proven technology and a reputation for excellent customer service and consequently they have grown rapidly in four years.

“As a partner to Saturn, we have admired their company for some time now.

“The Internet, Voice-over IP, and broadband content are fundamental elements of Telstra Saturn’s business plan and Paradise Net represents an integral part of this strategy,” he said.


For further information, please contact:
Sean Wynne
Director, Corporate Development
Saturn Communications
Tel: 0-4-939 5006 Mobile 021 638 191

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


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>>


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>>


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>>