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Alcatel wins $130m order to build Telecom IP network

Friday 4th July 2008

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Alcatel-Lucent won a NZ$130 million contract to build an internet protocol network for Telecom Corp, New Zealand's biggest phone company

Developing an all-IP network is part of Telecom's undertaking on operational separation required by the government. The project will put voice, Internet and mobile phone services onto one platform, Telecom said in a statement.

Telecom shares rose 0.6% to NZ$3.30, having slid to a 15-year low yesterday.

By Jonathan Underhill

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