Pirelli Cables Australia Ltd. (Sydney, Australia) will be the single source for Telstra Corp.

Sept. 1, 1998

Pirelli Cables Australia Ltd. (Sydney, Australia) will be the single source for Telstra Corp. Ltd.?s (Melbourne, Australia) future cable business. Pirelli will supply Telstra?s fiber-optic and metallic cable needs for the next three years, although Belden Australia (Tottenham, Victoria, Australia) will continue to directly and indirectly supply some cable products to Telstra. The move is expected to save Telstra about $57.7 million by reducing overall supply and product development costs.

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