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TV3 6pm News Bulletin (First Segment)

Telstra-Saturn Mergerx2 - America's Cup - Carisbrooke Fans - Sculpture Chalice

TELSTRA-SATURN MERGER: An Australian telecommunications giant Telstra has announced a billion dollar telephone network deal with Wellington based communications company Saturn which will provide competition to Telecom New Zealand in 65 per cent of New Zealand homes. The company is currently studying how it will lay cables to provide phone and internet services. Telecom NZ's shares dropped 45 cents today because of the announcement.

TELSTRA-SATURN MERGER: More cable television choice, a newer phone system and a different digital phone system are many of the options offered by the new competitor. However industry analysts have reserved their judgements as to whether prices will go lower. Telecom has also gone international spreading its corporate wings accross the Tasman, and those in the industry say this is where the corporation's future lies.

AMERICA'S CUP - There was action and controversy but no racing in the America's Cup today. The Italians were unhappy with the decision not to continue the race because of low winds afterwards saying there was enough of a breeze to continue. Their fans were also not impressed. The race committee's decision to cancel the race was also due to shifting winds which they said could turn the race into a lottery.

CARISBROOKE FANS: Angry fans at Carisbrooke Stadium in Dunedin pelted the Australian cricket players with beer cans last night after a controversial decision to call NZ batsman Adam Parore out after a high bowl made his helmet hit the stumps. Over a hundred students were ejected from the stands after bottle throwing and invading the pitch and Cricket New Zealand organizers say the venue could loose its status as an international venue because of the troubles

SCULPTURE CHALICE: The go ahead has been given for an 18 metre high $340,000 sculpture "chalice " to be erected in Christchurch's Cathedral Square. However critics say it has no historical value to New Zealand and could end up a contemporary eyesore.


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