TELSTRA MARKET ASSESSMENT A SUCCESS A trial deployment of 50 pieNETWORKS? Hotspot Webphones into Australian capital city airports has been deemed successful by Telstra. pieNETWORKS (ASX:PIE) and Telstra will now enter into a negotiation period in order to agree the terms for the deployment of a larger network of pieNETWORKS? Hotspot Webphones in the Australian market. Recently appointed pieNETWORKS chairman Justin Milne said the success of the trial, and the commencement of commercial negotiations with Telstra, was a significant event in the company?s development. ?Hotspot Webphones are a 21st century upgrade for the payphone,? Mr Milne said. ?These user-friendly touch screen and keyboard operated devices offer access to the internet, WiFi, online payments (including coin slot payments for small bills and credit top-ups), telephony and direct access to a range of Telstra services,? Mr Milne said. The four month assessment period ended on Friday May 27th, 2011. After analysing the information gathered from the Market Assessment Telstra has advised pieNETWORKS that they deem the assessment a success, providing confirmation of the business case to consider expanding the network of terminals. Campbell Smith, pieNETWORKS? Managing Director said ?we are excited about working with Telstra to provide even more ways for Telstra?s customers and the Australian public to connect with the exciting array of emerging products and services delivered through the internet and cloud computing.?
NWZ Price at posting:
2.6¢ Sentiment: ST Buy Disclosure: Held
