NEWCALL Extend Option Period To Purchase IproLink
Fast Growing Telco Set To Become ISP
AUCKLAND, 22 December 1999 – NEWCALL Group Ltd has announced an extension to its option to purchase IproLink NZ Ltd (IproLink), the Auckland based Internet Service Provider (ISP). Due to the delay in the option period becoming unconditional, the vendors of IproLink have granted an extension from 20 December 1999 to Monday 17 January 2000 in order to complete due diligence. The purchase would be settled by a combination of cash and shares in the publicly listed NEWCALL Group Ltd, in consideration for all of the shares in IproLink, a privately owned company.
“By acquiring IproLink directly, NEWCALL would become a complete Web-enabled telco, one of the few in New Zealand to offer the complete range of telecommunications solutions, including Internet, mobile, tolls, calling cards and e-Commerce,” explains NEWCALL’s Managing Director, Norman Nicholls.
NEWCALL Group Ltd is the newly listed parent company of NEWCALL Communications Ltd. Other companies in the group include NEWCALL Communications USA Inc, NEWCALL Communications Pty Ltd (Australia), and NEWCALL Communications International Ltd, which is based in Singapore.
A New Zealand registered Alternate Service Provider, NEWCALL Communications Ltd is one of the country’s fastest growing ‘new generation’ telecommunications companies. Officially launched in June 1998, NEWCALL carries both national and international telecommunications traffic.
Focusing primarily on small to medium-sized organisations, the company specialises in providing high quality cost-effective telecommunications services, including national and international tolls and faxes, land to mobile services and Internet access. State-of-the-art billing and management applications allow NEWCALL to simplify telecommunications for the end-user, while maintaining an innovative, price competitive service.
NEWCALL Communications Ltd is currently installing strategically placed switching nodes throughout New Zealand to facilitate leading edge telecommunications solutions. Delivered through a combination of networks which include Telecom New Zealand and other network providers, NEWCALL’s services are supported by a non-coded access agreement offering transparent access to the user. International services are facilitated through wholesale relationships with a range of international carriers.
NEWCALL’s senior management team is led by Managing Director, Norman Nicholls, one of the most experienced senior executives in the telecommunications industry today. The company’s principal shareholder is CTW Beta Co Ltd, a subsidiary of Asia Pacific Wire and Cable Corporation, a US company which is traded on the NASDAQ Exchange.
More information on NEWCALL Communications Ltd is available on the Web at http://www.newcall.co.nz