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The absorption and dispersion of aligned single-walled carbon-nanotube films were measured from 0.2 to 2.0 THz using a source of freely propagating subpicosecond pulses of THz electromagnetic radiation. The real conductivity increased rapidly with increasing frequency up to 0.45 THz and decreased at a high-frequency range. The Maxwell-Garnett model, where the nanotubes were embedded in a dielectric host, fit the results of this study with the Drude-Lorentz model for nanotube network. We have observed the transverse phonon mode of 2.4 THz propagating along the c direction. This suggested that the carbon nanotube network is composed of metallic and semiconducting nanotubes embedded in an air dielectric host. [ABSTRACT FROM AUTHOR]