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


Telemedia Lists On ASX

Telemedia Networks International Limited today listed on the Australian Stock Exchange at a closing price of $1.63 - a 63% premium to its issue price of $1.00 per share.

The successful listing came as Telemedia announced it had won a significant contract to supply telecommunications equipment to a Japanese carrier. Telemedia chief executive Chris Jones said he was delighted with the listing, which had raised $15 million for the company to assist with its global expansion.

"This is an excellent result for Telemedia and underpins our growth strategy in the rapidly expanding telecommunications industry," Mr Jones said.

Mr Jones also announced that Telemedia had won a contract to supply Japanese telecommunications carrier Alpha Networks with the installation and ongoing support of an Intelligent Network Solution.

Alpha Networks has an established customer base in Japan. The Telemedia system will provide prepaid and post-paid calling as well as a switching system to enable Alpha Networks to interconnect with other Japanese and international carriers.

"This is a significant win for Telemedia and further strengthens our presence in the Asia-Pacific region," Mr Jones said.

He said the success of the Japan contract showed that Telemedia's growth strategy was on track, and followed recent developments including:

* An agreement with Excel Corporation to be one of its Global Development Partners.

* A deal to supply Turkey's national mobile carrier, TurkCell, with its SmartCall product.

* A deal to supply Jakarta-based PT Natrindo Global Telekomunikasi with multiple Calling Card platforms to be installed throughout Indonesia.

The establishment of an Australian head office in Sydney.

* The appointment of a sales manager for Japan and an international sales director for the company's Intelligent Network Solutions division.

Telemedia's products and services include the provision of prepaid mobile systems and prepaid calling card systems as well as other value-adding product enhancements such as voice mail, centralised messaging and information services. Other business lines include Call Centre Systems, Intelligent Network Solutions, and Professional Services.

For further information contact Chris Jones, CEO of Telemedia, on 64 21 633 951, or Australia: Hinton & Associates Suzie Batten on 613 9600 1979, 0419 546 104 Scott Hinton on 613 9600 1979, 0419 114 057 New Zealand: Consultus Richard Gordon on 64 9 309 2900, 021 637 695 Eion Scott on 64 9 309 2900, 021 891 039


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news