IBM in Cellnet deal Listed IT and telecommunications distributor Cellnet has completed the divestment of its Australian IT operations to IBM. Rival distributor Avnet has offered jobs to a number of Cellnet staff and bought most of Cellnet's IBM inventory. Group CEO Stuart Smith said the Australian move would release about $2 million of working capital over the next two months and have only a negligible impact on group earnings.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
