Hutchison Telecommunications (Australia) said today it had recorded an after-tax net loss of AU$280 million for the first half of 2004, but backed the performance of its core mobile businesses in an intensely competitive telecommunications environment.
Telstra has hired Tim Watts, a former senior policy advisor to Minister for Communications Stephen Conroy, who was a key player behind Labor's initial $4.7 billion National Broadband Network proposal.
Vodafone and Hutchison executives have confirmed that they would make staff cuts to reach the $2 billion in savings they hope to achieve from the merger, but analysts doubt whether it will lead to a better outcome for customers.
Australia's competition watchdog tonight issued a strongly worded statement of concern that the proposed merger of mobile carriers Hutchison and Vodafone could lead to increased retail prices on mobile telephony and broadband services.
VHA expects to have finalised its current extensive review of its newly merged workforce by the end of September, the mobile carrier's chief executive Nigel Dews said today.
Vodafone today launched its third-generation high-speed mobile phone service, going head-to-head with competitors Hutchison, Telstra and eventually Optus.
Hutchison Telecoms today reiterated that it was holding discussions with "other mobile carriers -- including Telstra -- on 3G network cooperation" amid increasing speculation that negotiations between the two are reaching the final stages.
Australia's telecommunications industry is abuzz with strong speculation that Virgin Mobile Australia will start selling Apple's 3G iPhone handset in the next two weeks.
Telstra executives are optimistic Australia's competition watchdog will soon informally clear its 3G network alliance with Hutchison 3G Australia as the partners signed binding agreements to proceed with the deal.
The Australian Federal Police (AFP) has specified that any new handsets it purchases for its corporate mobile phone fleet must support the growing third-generation (3G) mobile networks currently being built by local carriers.
Hutchison will need deep pockets to enable it to survive until it sees a return on its massive investment in an Australian 3G network, analysts claim.
Telstra can expect a coordinated public assault in Melbourne tomorrow from five telecommunications carriers who have scheduled a morning briefing to to announce the formalisation of their existing alliance and the launch of a nine-point action plan.
Telecommunications carriers may have to share 3G networks in Australia if they all want a piece of the Australian 3G market.
Telstra chief executive Sol Trujillo today said price cuts by competitors on third-generation mobile services were irrelevant to his company.
Australia's nuclear agency has placed the telecommunications spend it currently allocates to Telstra on the market, as the agency looks to bed down its needs for potentially the next six years.
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