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.

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