TELSTRA
One.Tel collapsed in 2001 after billing failures and a cash crisis. How its legal fallout led to a $40 million settlement in 2014
One.Tel collapsed in 2001 after years of trading losses, billing failures and mounting cash-flow problems. The Australian telecom company's failure triggered a prolonged legal dispute, which ended with companies associated with James Packer and Lachlan Murdoch agreeing to a $40 million settlement in 2014.
Telecom stocks in Australia, NZ slide after SpaceX spectrum deal
Following SpaceX's acquisition of spectrum, Telstra, TPG Telecom, and Spark New Zealand faced substantial stock drops, raising investor alarms over competitive pressure from satellite mobile services. Analysts point to Telstra's dependency on its coverage strengths amidst shifting regional pricing dynamics, although immediate subscriber impacts appear minimal. Future implications for Australia’s mobile landscape will demand careful observation as these changes unfold.
Firmus $5 billion float failure deals blow to Australia's shrinking share market
Firmus has decided to scrap its ambitious $5 billion IPO, primarily due to the prevailing market volatility. This choice is a major blow to the Australian Securities Exchange, which is facing a downturn in available listings. Investors had hoped that this IPO would introduce more diversity to a market overly dependent on significant banks and miners.
Australia's Firmus to allocate half of up to $5.5 billion IPO to existing investors, sources say
Firmus, the Australian data centre operator, is gearing up for a noteworthy initial public offering worth $5.5 billion. In a strategic move, the company plans to distribute half of this capital to selected existing investors. Expected to commence trading on the Australian Securities Exchange on October 23, shares will be priced at A$11.
Google, Telstra partner on fibre and subsea networks in Australia
Google has selected Telstra and its new fibre-optic Aura Network to further advance its AI capabilities in Australia.
Australian regulator sues Google over anti-competitive Search deals
The Australian Competition and Consumer Commission (ACCC) said Google Asia Pacific reached "understandings" with Telstra and Optus between December 2019 and March 2021 to pre-install only Google Search on Android phones they sold.
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Infosys shares jump 2% after Rs 1,300 crore deal to buy Telstra’s Versent stake
Infosys shares: Infosys will acquire a 75% stake in Versent Group, a wholly owned subsidiary of Australia’s Telstra Group, for AUD 233.25 million (over Rs 1,300 crore). The deal, excluding management incentives and retention bonuses, aims to strengthen Infosys’s presence in Australia’s cloud and AI services market and is expected to close in H2 FY26, pending regulatory approvals.
Infosys to acquire 75% stake in Telstra Group unit for $153 million
The acquisition of Versent Group, a unit of Australian telecommunications and technology firm Telstra Group, will be made through its wholly-owned subsidiary, Infosys Singapore. It will deliver cloud and digital transformation services.
Infosys expands tech ties with Australia's Telstra
Infosys will serve as the strategic partner for Telstra International-the global arm of Telstra-to advance technology leadership, drive innovation, and support Telstra's new Connected Future 30 initiative, according to an official release.
Australia's Telstra seeks to partner with Accenture for AI boost
The proposed joint venture is part of a broader strategy to streamline Telstra's vendor relationships, reducing its data and AI providers from 18 to just two joint ventures.
Telstra partners with Elon Musk's Starlink for internet in remote Australia
The telecommunications provider will bring home phone service and Starlink broadband services as a bundle to Australians, it said on a blog post.
Wipro appoints Christopher Smith as MD of Australia and New Zealand
Smith joins from Telstra, where he was the Group Owner of Telstra Purple--the largest Australian-owned technology services company. He has over two decades of IT and telecommunications experience in the USA, Europe, Asia, and Australia, according to a press release.
Telstra India launches two Innovation and Capability Centres
The facilities, with a combined size of over 1 lakh sq. ft. will become hubs of innovation and will further strengthen Telstra’s efforts to diversify talent acquisition in India.
Australian shares gain on Telstra, Qantas; NZ at record high
The S&P/ASX 200 index rose 0.4 percent or 26.2 points 6,295.3 at the close of trade.
Australian shares end flat as gains for Telstra, QBE offset miners' losses
Telstra Corp Ltd, Australia's biggest telecom company, jumped 5.5 per cent to its highest in more than three months.
Telcos need to reinvent into internet cos to stay relevant: Telstra
Telstra signed a network-to-network interconnections agreement with Tata Communications in Oct for utilising 116 points of presence to extend it's reach.
Telstra signs network-to-network interconnection agreement with Tata Communications
The NNI will utilise Tata Communications' 116 points of presence (PoPs), extending Telstra's reach to tier-2 and tier-3 cities such as Jaipur and Trichy.
Australia's Telstra completes $1.99 billion sale of Hong Kong's CSL to HKT Ltd
Telstra revealed in December it planned to offload the operation, saying while revenue was growing strongly and market share was up.
Telstra Global launches end-to-end network services in India
Telstra Global has launched end-to-end network services for the Indian market.
Vodafone to acquire New Zealand's TelstraClear for $662 mn
Vodafone is New Zealand's largest mobile operator with over 2.4 mn users, and TelstraClear is the 2nd largest fixed operator.
Telstra to offer long distance, VPN services from March
Australian telecom services provider Telstra International will begin providing long distance, virtual private network or VPN and enterprise services in India from March next year, a company executive said on Tuesday.
Australia's Telstra to slash 6,000 jobs: Reports
Australian telecoms giant Telstra Thursday said it would slash jobs to "improve customer satisfaction" but refused to confirm a report that 6,000 workers were facing the axe.
Australia pressures biggest phone company to split
The government raised pressure on Australia's largest telecommunications company Telstra Corp. on Tuesday to surrender its market domination by splitting its wholesale and retail businesses.
Infy, EDS & IBM bag $1.2-billion Telstra deal
Australian phone firm Telstra on Tuesday said it has awarded around $1.2-billion outsourcing contracts to Infosys, EDS and IBM, as part of a major vendor consolidation exercise the company started last year.
Telstra awards $1.2 bn outsourcing contracts to Infosys, EDS and IBM
Australian phone firm Telstra on Tuesday said it has awarded around $1.2 billion outsourcing contracts to Infosys, EDS and IBM, as part of a major vendor consolidation excercise the company started last year.
Infosys-Telstra deal may cause job losses
According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.
Infosys bags $100 mn outsourcing contract
Infosys Technologies, India’s second-largest software firm by sales, has won an $80- 100 million multi-year outsourcing contract from Australian phone firm Telstra.
Telstra ends 32 mn Australian dollar contract with Satyam: Report
The total worth of the contracts is estimated to be up to 200 million Aus dollar annually over five years. Satyam's Development Centres | Latest Pics of Ramalinga Raju
IT biggies to bag $4-bn projects
$250-m outsourcing contract by Australian Co Telstra likely to be finalised by end of January.
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