Telecom is understood to have signed a $150 million deal to provide internet backhaul connections for Vodafone. Telecom chief executive Paul Reynolds announced the contract when reporting the company's third-quarter results this month, but did not identify the customer, beyond saying it was "one of the major carriers". Vodafone uses a mix of fibre-optic cable and wireless technologies such as microwave radio to connect its cellsites. After Telecom, TelstraClear owns the country's second-most extensive fibre network. Vodafone spokesman Paul Brislen says the company happily buys capacity off anyone and everyone. "We have existing deals with Telecom, FX Networks, TelstraClear and Vector." Mr Reynolds said the nationwide contract was one of the biggest that Telecom had signed in recent years. "It is a major success for Telecom Wholesale."