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Telecom And Telstraclear Settle Interconnection

TELECOM AND TELSTRACLEAR SETTLE ON INTERIM INTERCONNECTION TERMS

Telecom and TelstraClear said today they had reached commercial agreement on interim terms for interconnection, pending decisions by the Telecommunications Commissioner.

The companies said on the basis of the agreement, proceedings initiated by TelstraClear were withdrawn from the High Court in Auckland.

Telecom and TelstraClear have both applied to the Telecommunications Commissioner for determination on interconnection prices. The companies said today's commercial agreement provided for prices in that determination to be backdated to today.

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