Wireless Internet Leaders Band Together

MEDIACOM-RELEASE-

WALKER-WIRELESS-&-LIBER

WIRELESS INTERNET LEADERS BAND TOGETHER

Auckland: Wednesday January 19, 2000.:Two key players in New Zealand's wireless Internet sector have merged.

National Business Review controlled Liberty Wireless Internet is merging with Walker Wireless, a division of Walker Corporation

The joint company will trade as Walker Wireless Ltd.

Announcing the merger today in a joint statement from Walker Corporation Managing Director, Rod Inglis and NBR Publisher, Barry Colman, said the merged entity would allow the growing demand for high speed wireless connectivity to be met while capitalising on the infrastructure investments each had made.

Financial details of the merger are subject to a confidentiality agreement. Barry Colman will become a Director of Walker Wireless Ltd under the new structure in which Rod Inglis remains Executive Chairman.

Walker Corporation launched Walker Wireless in New Zealand in September last year offering high speed, quality, secure, dedicated Internet access and data connectivity to the business sector.

The highly successful launch resulted in Walker Wireless increasing its two way wireless Virtual Cable Network speed from 11 to 100 megabits-a- second, a month later, in response to customer demand.

"This is the most innovative technology currently available in New Zealand and wireless Internet business is one of the fastest growing areas in the whole Internet revolution," said Rod Inglis.

Barry Colman bought a controlling interest in Auckland based Alternative Futures Ltd late last year, re-branding the company's fledgling wireless operation under the Liberty Wireless Internet name. Since then Liberty has taken an aggressive approach to the market place.

"The benefits of a united approach with Walker Wireless are substantial with combined resources the company has leading edge technology and a substantial network. We expect current operations to grow at an even faster pace throughout New Zealand over the next few months."

Alternative Futures Ltd will retain its other Internet related businesses, including Internet service provider (ISP) Business Internet Solutions, e commerce unit and Logos Ltd and bandwidth assets. AFL acquired 24 MHz of satellite transponder space in November from Television New Zealand.

ENDS....

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