AUCKLAND -- Telecom today announced that AAPT had finalised a comprehensive network access services agreement with Australian network operator PowerTel.

Under the agreement, AAPT will be able to offer its business and residential customers a wide range of high-speed broadband and access services, including ADSL2+.

“This is a big step forward for AAPT and PowerTel,” Telecom Chief Financial Officer Marko Bogoievski said.

“PowerTel has been investing aggressively in high-speed broadband services. PowerTel’s network, and its strategic alliance with iiNet provides a high-quality, national access network with competitive rates.

“This agreement will significantly lower costs for AAPT and provide the network economics that AAPT needs to fully leverage the significant multiyear investment that we have been making in the new services platform.”

PowerTel Ltd. (Australia: PWT)