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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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Gas investment in Internet protocol
October 13, 2000 URL: http://www.zdnet.com.au/news/soa/Gas-investment-in-Internet-protocol-/0,139023165,120105749,00.htm
The Australian Gas Light Company has invested AU$40 million in Australia's first national Internet protocol-based wholesale carrier Comindico Holdings. Comindico has completed raising AU$175 million in equity, it said in a statement. Other major Comindico investors include US investment bank J.P. Morgan, AMP Asset Management and Australian media magnate Kerry Packer's family-owned Consolidated Press Holdings Group. AGL managing director Len Bleasel said in the statement that its Comindico investment was the next stage of a plan it announced in December to enter the technology industry.
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