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


Telstra Saturn buys Paradise

Media statement
For immediate release 2 April 2000

Telstra Saturn buys Paradise

Austar United announced today its subsidiary, Saturn Communications has purchased Internet Service Provider (ISP), Paradise Net Limited.

Austar United and Telstra Corporation recently announced the merger of their subsidiaries, Saturn Communications and Telstra New Zealand. After the merger Paradise Net will become part of Telstra Saturn.

Telstra Saturn Chief Executive, Jack Matthews said he considered the purchase of Paradise Net to be the first strategic move made by his management team and Board.

“The purchase of Paradise is logical because it delivers to Saturn residential what Netlink currently provides for Telstra Business. Whether our customers are at home or at work we will deliver them affordable high-speed Internet products and services,” Jack Matthews said.

Paradise Net Limited has 33,000 subscribers throughout New Zealand. Most subscribers are residential. Paradise Net was founded by Shane Cole and Harry Galanakis in 1997.

“This decision sends clear signals to our customers and the market that Telstra Saturn is focused and determined to move quickly to build a nationwide state-of-the-art communications company,” he said.

As part of the purchase agreement Telstra Saturn will employ Shane Cole, Vasilis (Billy) Giannakakis and other Paradise staff.

“Paradise is a well run company and it was important to us to retain their skills, their vision and energy,” Jack Matthews said.

“Paradise have proven technology and a reputation for excellent customer service and consequently they have grown rapidly in four years.

“As a partner to Saturn, we have admired their company for some time now.

“The Internet, Voice-over IP, and broadband content are fundamental elements of Telstra Saturn’s business plan and Paradise Net represents an integral part of this strategy,” he said.


For further information, please contact:
Sean Wynne
Director, Corporate Development
Saturn Communications
Tel: 0-4-939 5006 Mobile 021 638 191

© Scoop Media

Business Headlines | Sci-Tech Headlines


SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>


Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>


Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>


Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>