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August 21, 2005
Australia's Telstra To Launch 3G Service Sept. 5
Sydney (Dow Jones): Telstra Corp. said it will launch so-called third-generation high-speed mobile services early next month.
Of Telstra's main rivals, Hutchison Whampoa Ltd.'s local unit already offers extremely competitive 3G prices, while Vodafone Group PLC is planning an October launch, and Singapore Telecommunications Ltd. is set for its own 3G service by the end of 2005. Telecom New Zealand Ltd.'s AAPT unit offers services through Hutchison.
With more than 90% of Australians owning a mobile phone, Telstra said it also will offer aggressive pricing plans to lure 3G customers, but possibly at the expense of margins in the next 18 months or so.
Telstra, which is 51.8%-owned by the Australian government, has spent A$1.2 billion on high-speed mobile services, including A$450 million to buy half of the 3G network it shares with Hutchison.
Posted by admin at August 21, 2005 04:45 PM
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Posted by: Shadabul Mujib at August 22, 2005 06:07 AM