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25 Nov 1999
Australian telecoms carrier One.Tel plans to spend $20 billion building third generation mobile networks in the UK and Europe with strategic partner, Lucent.
Sandy Slessar, director of investor relations at One.Tel, said: "The alliance [with Lucent] has great significance. During the next 12 months, there will be a unique opportunity to purchase third generation spectrum in the UK and most western European countries."
The two firms are already working on the rollout of One.Tel's GSM 1800 Phase 2+ mobile network in Australia, in a deal worth $704 million to Lucent. One.Tel hopes to create a network that will reach 2.5 million subscribers over the next five years.
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