7: 1999 in review - July

A summary of the year's big stories: July 1999

July 1999

  • Telecom’s ADSL service JetStream launches on July 1 at around $30 a month for the modem and $75 a month for the first 600Mb downloading.
  • Saturn's owners Denver-based UIH and Saskatchewan-based Sastel announce they will sell the telco to Austar in exchange for Austar shares.
  • Sequent announces it will launch as an application service provider (ASP) in the coming six weeks.
  • Venture capital firm No 8 Ventures makes its first investment for a 16% stake in Auckland software company Tacit.
  • E-commerce company Advantage Group gets a $6.6 million capital infusion from finance company Royal & SunAlliance.
  • IT minister Maurice Williamson says the state must take a more active role in fostering technological development following a visit to Finland and Ireland.
  • The High Court finds in Telecom’s favour over a re-billing dispute with Telstra.
  • It allows Telecom to refuse new re-billing arrangements for Telstra (and other carriers') customers.
  • ISP Voyager says it is to enter a major venture with the US Internet giant UUNet.
  • Auckland electronics manufacturer Talon Technology secures a multi-million dollar export order to US map and atlas giant Rand McNally.
  • IBM and Sequent agree to a $US810 million merger.
  • Finance company New Zealand Funds Management takes a 6.5% stake in Advantage Group.
  • Local telecommunications company CallPlus buys 51% of fledgling company Attica Communications.
  • Telecom begins implementing a new online credit checking system - DecisionPoint by Equigen New Zealand.
  • Ron Nissen, Motorola Pacific vice president, visits New Zealand to investigate Auckland or Christchurch as possible sites for Motorola’s third Australasian software development facility.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments
[]