Today
Aurizon investors impatient for Top End contracts
Aurizon is in “regular” talks with potential customers for its ambitious land bridge scheme, but scepticism abounds over whether it can pull the bold plan off.
September
PFAS foam leaks on Transurban’s Brisbane toll road rankle council
Transurban’s maintenance practices are being reviewed by Brisbane’s city council after fire-fighting foam spilled from a tank into a pump station in the company’s Clem Jones Tunnel.
Optus communications ‘manifestly inadequate’ in 2023 phone outage
Senators want new rules to force telco groups to keep the public updated when phone and internet connections fail.
- Updated
Qube sues own employees for damages for blocking ship services
A wage dispute between logistics group Qube and wharfies in Melbourne has escalated after the company sued more than 20 union members.
- Exclusive
- Telecommunications
AusSuper’s mobile towers empire slumps deep into the red
The country’s largest superannuation investor was already at odds with its partner, Singtel-owned Optus, over a delay in rolling out network infrastructure.
Telco groups protest state ‘profiteering’ from antennas
Telecommunications companies are pushing NSW to scrap fees for adding antennas and other equipment to mobile towers on Crown land.
Pacific National takes hefty write-down on NSW coal business
The rail freight group has written off $424 million and blamed lower container freight volumes, bad weather and smaller harvests for deepening the annual loss of its parent.
Airlines and Melbourne Airport headed for runway funding feud
Vanessa Hudson says Melbourne Airport needs to wait until “the demand is there” before building a third runway and charging airlines and their passengers to pay for it.
Telstra Health loses 300 jobs but stays on the block
The telco group is holding off from offloading Telstra Health as chief executive Vicki Brady restructures swathes of the company to boost profits.
Transurban’s plan on the table in Sydney toll fare overhaul
Investors are optimistic that the toll road group’s preferred option will be a serious bargaining chip as NSW prepares to overhaul Sydney’s motorway fares.
- Updated
End of the road for Dulles Greenway’s 40pc toll increase
Atlas Arteria’s aspirations to push up tolls on its US road have been dashed after a regulator ruled out the hefty increase.
TPG Telecom, Optus network-sharing deal gets ACCC approval
TPG Telecom will market its mobile phone services to more Australians after the competition regulator said it could share networks with Optus in regional areas.
NBN Co names Vocus’ Ellie Sweeney as next CEO
The Vocus Group boss will step into Stephen Rue’s shoes as he prepares to take the reins at Optus.
August
Downer EDI back in the black as cost-cutting pays off
The contractor’s shares soared on Friday as it swung back into profit and proved it could increase earnings margins.
TPG Telecom cuts 120 jobs as interim profits slide
The telco group, which is carrying more than $4 billion in debt, says it needs to keep reducing its expenses.
New French fossil fuel tax clips Atlas Arteria’s profit
The motorway group’s interim profit slid 16 per cent despite making more money from tolls, as the introduction of the levy hits the bottom line.
Worley profits surge but pipeline softens as energy projects cancelled
Customers are being more “pragmatic” on how they reduce carbon emissions and putting pure sustainability projects on hold, says chief executive Chris Ashton.
Aussie Broadband pays first dividend, cuts jobs
Aussie Broadband declared its first-ever dividend after it connected more customers to the internet, boosting annual net profit by 21 per cent.
Qube’s Moorebank stake on the block
The logistics group said it could sell its stake in its new Moorebank interstate rail terminal after strikes at stevedore DP World helped boost annual net profit.
Superloop is winning the race for value, CEO claims
Aggressive competition in the broadband market is benefiting the internet provider as people trade down to cheaper plans.
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