Teamtalk invests in mobile radio network equipment

News Release 29 December 2003

Teamtalk invests in mobile radio network equipment

Leading mobile radio communications company TeamTalk today announced the acquisition of over $10 million worth of mobile radio equipment to increase the capacity of its nationwide TeamTalk network.

The equipment has been purchased for an undisclosed sum from a South African mobile radio network One.2.One, which went into voluntary receivership earlier this year.

TeamTalk Managing Director David Ware said the purchase would increase TeamTalk’s network capacity in New Zealand.

“TeamTalk has experienced excellent growth in its mobile radio business over the last few years,” Mr Ware said. “Because of this growth, and the expected future escalation in customer numbers and mobile radio calls, we wanted to increase the capacity of the TeamTalk network.”

“The sale provided an opportunity to acquire valuable and sought-after equipment for a good price. This investment shows our commitment to TeamTalk’s mobile radio network customers and will ensure the longevity and robustness of the network.”

A TeamTalk engineer travelled to South Africa to inspect, test and audit the purchased equipment, which is still in use. The equipment will be decommissioned in January and shipped to New Zealand, where it will be integrated into the TeamTalk network. The equipment is in excellent condition.

Many sites in TeamTalk’s network in the South Island will benefit from the increased capacity. Sites in the central North Island and the Waikato will also receive expanded facilities.

“TeamTalk is currently developing and releasing new mobile radio products and services which we expect will be successful additions to the communications market. This equipment acquisition will ensure that the resulting increase in mobile radio usage will be well catered for.”

“We are looking forward to enhancing TeamTalk’s network and continuing our commitment to deliver reliable, robust and cost-effective communications solutions for New Zealand companies,” Mr Ware said.

ENDS

About TeamTalk

- TeamTalk is the largest provider of nationwide, linked radio communication services in New Zealand with over 90% market share of the mobile radio market.
- TeamTalk provides high quality voice, data and telemetry services to a variety of New Zealand businesses including emergency services, trucking and transport companies, courier companies, security firms and a variety of vehicle operators.
- TeamTalk’s network is reliable, robust and extremely cost-effective for companies requiring effective telecommunications solutions.
- TeamTalk employs a full-time staff of 39 in five locations throughout the country, operates two nation-wide mobile radio networks and provides local mobile radio services from 155 sites.
- Companies and organisations that depend on TeamTalk to deliver critical services include Fonterra, Fulton Hogan, Eastern Equities Corporation, city and regional councils and the Westpac Rescue Helicopter & Life Flight New Zealand.
- TeamTalk was founded in 1992 by its current Managing Director David Ware. Its shareholders include Active Equities, private investors, management and staff.

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