Qualcomm Inc (QCOM)

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Telecom New Zealand to Spend NZ$40 Mln to Upgrade to EV-DO

June 23 (Bloomberg) -- Telecom Corp. of New Zealand, the nation's largest phone company, will spend about NZ$40 million ($25 million) to upgrade its CDMA mobile phone network to EV-DO, allowing it to transmit high-speed data.

The upgrade will be within the company's NZ$650 million capital spending forecast for the year to June 30, 2005, the Wellington-based company said in a statement.

Lucent Technologies Inc., which built and manages Telecom's CDMA1X mobile network, will also manage the upgrade to the so- called evolution data optimized technology, the company said.

The high-speed data service will start by December, in Auckland, Wellington, Christchurch and some tourist centers, the company said.


http://quote.bloomberg.com/apps/news?pid=10000081&sid=aSU1Q2X_l5Ow&refer=australia