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SPKKY Spark New Zealand Limited (PK)

12.67
-0.17 (-1.32%)
01 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Spark New Zealand Limited (PK) USOTC:SPKKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.17 -1.32% 12.67 12.43 12.89 12.85 12.55 12.60 227,008 22:00:00

Telecom New Zealand: Alcatel-Lucent to Upgrade Telecom Core Network

04/02/2013 10:13pm

Dow Jones News


Spark New Zealand (PK) (USOTC:SPKKY)
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From Jul 2019 to Jul 2024

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   By Rebecca Howard 
 

WELLINGTON--Telecom Corp. of New Zealand Ltd. (TEL.NZ) Tuesday said it has contracted Alcatel-Lucent (ALU.FR) to upgrade the telecommunications provider's core transport network.

Alcatel-Lucent will upgrade the network to a converged 100 Gbps Optical Transport Network this calendar year, the company said in a statement.

The investment "is about squeezing more bandwidth out of the same amount of fibre," said Telecom Chief Technology Officer David Havercroft.

Telecom not provide any information about the cost of the investment in the statement.

Write to Rebecca Howard at rebecca.howard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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