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.
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.
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.
A big global fund manager has said that Lachlan Murdoch's role in failed Australian phone group One.Tel had raised questions about his fitness for the top job one day at News Corp.
The UK operations of struggling telco One.Tel could be set to break away from its parent company in Australia.
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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