Telstra gained a head start on Australian rival entrants to the third generation mobile phone market with a US$450 million deal to share Hutchison Telecommunications’ third generation infrastructure. The agreement ends speculation about whether Australia’s biggest telco would build its own infrastructure or negotiate a deal with the owner of Australia’s only 3G network in a bid to roll out a 3G network in 2005. Under the deal with Hutchison Telecommunications subsidiary, Hutchison 3G Australia, Telstra will pay $450 million for 50 percent of the asset in four installments, starting in November.
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Telstra, Hutchison Partner on Infrastructure
Posted by: ECT News Business Desk August 5, 2004 09:25 AMTelstra gained a head start on Australian rival entrants to the third generation mobile phone market with a US$450 million deal to share Hutchison Telecommunications’ third generation infrastructure. The agreement ends speculation about whether Australia’s biggest telco would build its own infrastructure or negotiate a deal with the owner of Australia’s only 3G network in a bid to roll out a 3G network in 2005. Under the deal with Hutchison Telecommunications subsidiary, Hutchison 3G Australia, Telstra will pay $450 million for 50 percent of the asset in four installments, starting in November.