Reporter: David Speakman
Date: 11-04-1999
Company/Ticker/URLTelstra Corp
Company #2British Telecommunications
Company #3Telecom Corp. New Zealand Ltd. NZT:NYSE http://www.telecom.co.nz
Headline: Telstra May Buy Clear Communications from BT
According to reports, the No. 1 phone company in Australia may be close to buying New Zealand-based Clear Communications from British Telecommunications.
Clear Communications has been struggling to compete in the market against local phone dominator Telecom Corporation New Zealand.
Telstra has been expanding recently with moves in online insurance, and broadband voice and television broadcasting.
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