AAPT Withdraws From Australian Spectrum Auction

Thursday, 15 March 2001, 2:26 pm
Press Release: Telecom New Zealand

Telecom New Zealand said today that AAPT has withdrawn its registration and will not participate in the Australian radio spectrum auction, due to start tomorrow.

Telecom said it will continue to assess strategic opportunities for an expanded presence in the Australian mobile market and its decision in respect of the auction is not inconsistent with this.

As indicated previously, Telecom is talking about opportunities with various parties. The Company will not identify those parties or comment on the substance of discussions at this stage.

Ends

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