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.
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.
It will be an anxious weekend for 1400 One.Tel staff - among the last to hear of the telco's financial woes.
Former executives of the now defunct One.Tel could face compensation claims amounting to AU$50 million following accusations that they withheld crucial financial information prior to the telco's demise.
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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Has New Zealand's smiling assassin delivered?
The long-awaited separation of Telstra
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