Telco analysts were today doubtful that Telstra could team up with Publishing and Broadcasting Ltd (PBL) for an interest in Internet portal ninemsn.
The Federal Government has awarded its $4.7 billion National Broadband Network contract to a secretive consortium backed by the wealthy Packer and Murdoch families.
One.Tel shareholders James Packer and Lachlan Murdoch, two of Australia's wealthiest men, are angry at being misled about One.Tel's cash position in the wake of an administrator being appointed to the ailing telco. ASIC has now launched an investigation.
The UK operations of struggling telco One.Tel could be set to break away from its parent company in Australia.
The administrators of One.Tel have said that the high-profile directors of the failed Australian telco may have adequate defence to any insolvent trading claims.
Like the vast majority of people holding up the bottom end of the Australian economic pyramid, I always get a vicarious thrill out of reading the BRW Rich 200 List and finding out just how much money the people at the pointy end are hoarding.
One.Tel backers James Packer and Lachlan Murdoch are unlikely to be tracking the latest career move by insolvency expert Paul Weston, but they know who he is and must dread what he is about to do. Thought the One.Tel legal action was over? Think again.
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Having problems with complex data center? Simplify your data center now.
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The long-awaited separation of Telstra
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