Telstra CEO Sol Trujillo announced this morning that the company has lodged its AU$5 million tender bond for the national fibre-to-the-node (FTTN) network.
Australian ICT infrastructure and services specialist Volante has retained Macquarie Bank and Deacons to help it assess a hostile AU$129.7 million takeover offer from telecommunications player Commander Communications.
Australian IT security company SecureNet has recommended its shareholders accept an AU$110 million take over bid by global security corporation beTrusted.
Centrelink says it will soon be able to reveal the successful bid for its AU$100m network replacement tender but cautioned that the announcement could be delayed by an early Federal election.
Cable & Wireless's war chest is overflowing after the sale of its Australian mobile business and the data communications group needs to move swiftly to make an acquisition, buy back shares - or become a bid target itself.
Rejecting Telstra's proposal, after all, is the only conclusion Conroy can reach: as someone whose entire philosophy is built around transparency and process, he simply cannot keep Telstra as part of the NBN bidding process anymore.
Big-money IT contracts often hide the true costs involved in following through on the deals.
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