The sale of Commander's telco arm to mystery consortium Commander Telecom Group (CTG) has failed.
The mysterious consortium of investors behind the bid for Commander Communications' telco assets has denied any connection to the Steggall family, members of which have been involved in other bids in Australia's telecommunications industry.
New Tel has been placed into liquidation, thanks to the casting vote of administrator Phil Carter of PricewaterhouseCoopers.
Roughly 100 New Tel creditors and suppliers are expected to meet in Sydney this afternoon, to decide the fate of the beleaguered telecommunications company.
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