Alcatel hired to help manage network

20 Jun 2003

New Zealand PTO Telecom [NYSE;NZT] has announced that it has signed a USD120 million deal to cooperate with France’s Alcatel [NYSE:ALA] in the development, integration and management of its trans-Tasman next-generation network (NGN). As part of the deal, 200 of Telecom’s staff will move over to Alcatel New Zealand at the beginning of July.

New Zealand