No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read morePeople Telecom to list in NZ
Stan Beer
Tuesday, 30 November 2004 03:23
Junior telco, People Telecom Limited (ASX:PEO), has announced its intention to list on the New Zealand Stock Exchange, on 2 December 2004.
New Zealand investors currently own more than ten million shares in PEO, which is about 5% of the share capital.
According to PEO, the listing will enable existing and potential shareholders and institutions in New Zealand to more easily trade in the company on the NZX and have more immediate access to company announcements.
Currently, PEO has a close working relationship with New Zealand telco, Call Plus Limited. PEO wants to forge commercial relationships with other New Zealand telecommunications providers while offering telecoms services to its Australian business customers who have offices or operations in New Zealand.
As part of PEO's VoIP offering and its peering relationship with Call Plus, the company now offers free calls between its internet customers and Call Plus customers in New Zealand.
PEO shares were up 1.5c on very light trading to close on 18c.
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