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.
Telco analysts were today doubtful that Telstra could team up with Publishing and Broadcasting Ltd (PBL) for an interest in Internet portal ninemsn.
Customers of telecommunications provider Optus will receive exclusive content and services from Web portal Ninemsn under a new, wide-ranging alliance.
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.
Kerry Packer's Publishing and Broadcasting Limited (PBL) has snapped up a quarter share in jobs Web site Seek.com.au, just days after its NineMSN joint venture shut down rival site monster.com.au.
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.
Yahoo continues to struggle behind Google in the US but in Australia, it's a slightly different story -- NineMSN, the partnership between Kerry Packer's PBL and Microsoft, remains a major stumbling block for the online giant.
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