One.Tel founders Jodee Rich and Brad Keeling, the two directors who received AU$7.47 million each in bonus payments last year, will exit their board seats and executive roles.
Creditors of the defunct One.Tel, who've voted unanimously to wind the company up, will receive between 20 and 50 cents in the dollar – after being told to expect no more than a return of 11 to 37 cents.
Junior telco One.Tel has a trading halt in place on the Australian Stock Exchange, pending an important announcement.
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.
Two directors of One Tel have been awarded huge remuneration payments, despite the company posting a net loss of AU$291.1 million dollars for the last financial year.
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