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Telecom Corporation of New Zealand Limited 

Trading Halt Request Telecom Corporation of New Zealand Limited (Telecom) requests that NZX and ASX halt trading in its securities on their respective stock exchanges pending the outcome of discussions in relation to a disposal of assets. We request that the trading halt be granted until a further announcement is made to the market. Telecom is not aware of any reason why the trading halt should not be granted. Yours sincerely Craig Mulholland Group Company Secretary

MOKO.mobi Limited launches a Sponsored OTC-Traded Depositary Receipt Program Perth, 29 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has completed the process of establishing an American Depository Receipt (ADR) program with the Bank of New York Mellon and is now ready for trading on the US OTC market. MKB’s ticker code is “MOKOY”. “MOKO.mobi is very excited about the development of its ADR program in the United States”, says Ian Rodwell, Managing Director. “The ADR program allows investors located in the United States the ability to invest in MOKO.mobi in real time.

The company continues to build immediate brand equity in the United States having established contracts with both AT&T and Verizon”. MOKO.mobi is a global platform that enables people to Chat & Share Anywhere! People from around the world use MOKO.mobi on their mobile phone or PC to meet new people, chat in real-time with likeminded people, upload unlimited photos & video, share links, and sample & recommend music from the many MOKO.mobi Music artists.

MOKO.mobi is available on multiple wireless carrier portals around the world. MOKO.mobi can also be accessed by any consumer, via both their mobile or PC at www.moko.mobi. United States Global Securities Services Corporation 3620 Birch Street Newport Beach, CA 92660 1.949.474.0455 The Bank of New York Mellon ADR Division, 22w 101 Barclays Street New York, NY 10286 212.815.2276 United States and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

MOKO.mobi Limited launches a Sponsored OTC-Traded Depositary Receipt Program Perth, 29 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has completed the process of establishing an American Depository Receipt (ADR) program with the Bank of New York Mellon and is now ready for trading on the US OTC market. MKB’s ticker code is “MOKOY”. “MOKO.mobi is very excited about the development of its ADR program in the United States”, says Ian Rodwell, Managing Director. “The ADR program allows investors located in the United States the ability to invest in MOKO.mobi in real time.

The company continues to build immediate brand equity in the United States having established contracts with both AT&T and Verizon”. MOKO.mobi is a global platform that enables people to Chat & Share Anywhere! People from around the world use MOKO.mobi on their mobile phone or PC to meet new people, chat in real-time with likeminded people, upload unlimited photos & video, share links, and sample & recommend music from the many MOKO.mobi Music artists.

MOKO.mobi is available on multiple wireless carrier portals around the world. MOKO.mobi can also be accessed by any consumer, via both their mobile or PC at www.moko.mobi. United States Global Securities Services Corporation 3620 Birch Street Newport Beach, CA 92660 1.949.474.0455 The Bank of New York Mellon ADR Division, 22w 101 Barclays Street New York, NY 10286 212.815.2276 United States and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

MOKO.mobi signs contract with KPN Netherlands Perth, 27 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has signed an agreement with KPN, the largest mobile operator in the Netherlands.

MOKO.mobi will be made live to KPN mobile customers via their two premium mobile portals, and will include premium billing. This contract is the third European carrier contract that the Company has signed and represents a focus to grow the MOKO.mobi brand and distribution throughout Europe.

MOKO will be available in English, Dutch, German, Spanish, Portuguese, French, Italian, Greek and Russian as the roll-out continues. The company expects revenues to begin in the second quarter of the current financial year. USA and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

MOKO.mobi signs contract with KPN Netherlands Perth, 27 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has signed an agreement with KPN, the largest mobile operator in the Netherlands.

MOKO.mobi will be made live to KPN mobile customers via their two premium mobile portals, and will include premium billing. This contract is the third European carrier contract that the Company has signed and represents a focus to grow the MOKO.mobi brand and distribution throughout Europe.

MOKO will be available in English, Dutch, German, Spanish, Portuguese, French, Italian, Greek and Russian as the roll-out continues. The company expects revenues to begin in the second quarter of the current financial year. USA and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

MOKO.mobi signs contract with KPN Netherlands Perth, 27 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has signed an agreement with KPN, the largest mobile operator in the Netherlands.

MOKO.mobi will be made live to KPN mobile customers via their two premium mobile portals, and will include premium billing. This contract is the third European carrier contract that the Company has signed and represents a focus to grow the MOKO.mobi brand and distribution throughout Europe.

MOKO will be available in English, Dutch, German, Spanish, Portuguese, French, Italian, Greek and Russian as the roll-out continues. The company expects revenues to begin in the second quarter of the current financial year. USA and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

MOKO.mobi signs contract with KPN Netherlands Perth, 27 July 2010

MOKO.mobi Limited (MKB) today is pleased to announce that it has signed an agreement with KPN, the largest mobile operator in the Netherlands.

MOKO.mobi will be made live to KPN mobile customers via their two premium mobile portals, and will include premium billing. This contract is the third European carrier contract that the Company has signed and represents a focus to grow the MOKO.mobi brand and distribution throughout Europe.

MOKO will be available in English, Dutch, German, Spanish, Portuguese, French, Italian, Greek and Russian as the roll-out continues. The company expects revenues to begin in the second quarter of the current financial year. USA and Europe Paul Grueber, SVP Business Development M: +1 440 454 6061 paul.grueber@moko.mobi Visit: http://corporate.moko.mobi.

Tax law changes increase Telecom’s tax Government tax legislation changes are expected to increase Telecom’s tax expense by approximately $38m in FY10 and $20m to $30m in FY11. FY10 Changes The 2010 Budget, and subsequent Taxation (Budget Measures) Act 2010, contained two provisions which will have a material effect on tax expense: 

Removal of the ability to claim tax depreciation on Telecom’s buildings with effect from Telecom’s FY12 year; and

A decrease in income tax rate from 30% to 28% with effect from Telecom’s FY12 year. The net accounting effect of these items in FY10 is an increase in Telecom’s tax expense of approximately $38m. As a result of these changes, FY10 Guidance for taxation and Net Earnings is now:

Adjusted effective tax rate of around 30% (previously around 25%)

Adjusted Group Net Earnings NZ$362m to $402m, expected to be near the lower end of the range (previously $400m to $440m and expected to be near the lower end of the range). FY11 Changes We now expect the Taxation (Annual Rates, Trans-Tasman Savings Portability, Kiwisaver and Remedial Matters) Bill, which is currently before parliament, to be enacted in FY11. This will probably result in an additional one off $20-$30 million tax payment and tax charge in FY11, resulting in an effective tax rate of around 37%. “Naturally Telecom’s shareholders will not welcome the impact of these tax law changes” said Telecom CFO, Russ Houlden. 

Contact: For media queries, please contact: Ian Bonnar Corporate Communications Manager +64 (0) 272 157 564 For investor relations queries, please contact: Mark Laing GM Investor Relations +64 (0) 272 275 89

Telstra Corporation Limited (TLS) signed a non-binding Financial Heads of Agreement with NBN Co yesterday to participate in the rollout of the National Broadband Network (“NBN”). The telecommunications giant said the transaction, if completed, would deliver it a post-tax net present value of about $11 billion.

Telstra the estimated post-tax net present value includes payment for the decommissioning of Telstra’s copper network and cable broadband service, use of Telstra’s infrastructure, and the value to Telstra of avoiding costs, including certain Universal Service Obligation costs.

The company said the transaction would see it progressively migrate its voice and broadband traffic from its copper and cable networks to NBN Co’s network, while it would also continue to use its cable network to meet its pay TV contract with FOXTEL.

Chairman, Catherine Livingstone, said the agreement is consistent with the Government’s high-speed broadband vision and desired industry structure.

“This agreement reflects a commitment by all parties to reaching a mutually beneficial outcome for Telstra investors, customers, employees and the industry,” Ms Livingstone said.

CEO, David Thodey, noted that a significant amount of work must still be done on a number of complex issues, including migration processes, taxation, the future of legacy regulations applying to Telstra and the consequences of any major changes to the NBN rollout schedule.

The company said it has received written confirmation from the Prime Minister that Telstra would be able to bid for Long Term Evolution wireless spectrum should the transaction be completed and that sufficient regulatory certainty would be provided on a range of matters for NBN Co and Telstra to enable the transaction to proceed.

“In addition to requiring shareholder approval, the Heads of Agreement has a range of conditions, including the passage of necessary enabling legislation and ACCC approval,” Telstra said.

“Accordingly, there can be no guarantee at this time that the transaction will progress to completion.”

The company said should definitive agreements be finalised, it expects them to be put to shareholders in the first half of calendar 2011.

At the close of trade Friday, Telstra shares were trading at $3.23.

Singapore Telecommunications Limited (SGT) subsidiary Optus reported a net profit of $676 million for the year, up 16% on the previous corresponding period. Optus said it delivered its strongest free cash flow in five years, with full-year free cash flow exceeding $1 billion.

The company said revenue rose 8% to $8.95 billion and EBITDA increased 4% to $2.15 billion in the same period.

Looking at the fourth quarter results, Singapore Telecommunications said Optus’ net profit jumped 14% to $220 million, revenue rose 6% to $2.23 billion and EBITDA increased 5% to $610 million.

“Optus’ strategy to provide innovative, value driven offers as well as exceptional customer experience is clearly reaping results with six consecutive quarters of double-digit mobile service revenue growth, the strongest quarter for new mobile customer additions in five years,” Optus CEO, Paul O’Sullivan said.

The company said it added 254,000 new mobile customers in the quarter, its strongest quarterly performance in five years, bringing net additions for the year to 709,000.

Optus’ mobile service revenue grew 11% and EBITDA margin was 30%.

The company said postpaid subscribers increased 17% year-on-year and now comprise 49% of the total base, up 3 percentage points from a year ago.

Optus said the number of 3G subscribers increased to 3.61 million including a base of 907,000 wireless broadband subscribers.

Singapore Telecommunications reported a 6.6% increase in fourth quarter profit to $1.02 billion for the group on the back of a 25.4% rise in revenue to $4.47 billion.

Profit for the year to end of March was $3.91 billion on revenue of $16.87 billion.

The company expects operating revenue to grow at mid single-digit level for the financial year ending 31 March 2011, driven by higher mobile, IT & Engineering and mio TV revenue.

However, Singtel said EBITDA margin is expected to decline to around 35%, partly due to the rollback of job credit stimulus measure by the government.

As at 1012 AEST, Singapore Telecommunications shares were up 3c to $2.43.