September
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
- Jenny Wiggins
August
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.
- Jenny Wiggins
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.
- Jenny Wiggins
- Exclusive
- Chanticleer
ASIC puts Macquarie’s $20b AirTrunk sale on private markets watchlist
ASIC will spend the next two years looking at private markets deals, including a deal-of-the-year in the making.
- Anthony Macdonald
- Opinion
- Governance
The ASX’s legal mess reveals deep-rooted problems in boardrooms
Court action against the ASX over its bungled CHESS replacement project reflects a worrying escalation in the box-ticking, compliance culture inside Australian boardrooms.
- Updated
- Tony Boyd
July
Former TPG Telecom email customers to be slugged up to $95 annually
Accounts with iiNet, Internode and Westnet addresses will start paying a yearly fee from September after they were transferred to a Norwegian-owned company.
- Jenny Wiggins
IT outage: ‘significant’ cost to Australian economy
Australian companies and services are struggling with knock-on effects from an unprecedented global IT outage caused by a simple software update.
- Updated
- Savannah Meacham and Samantha Lock
Aussie Broadband discount offshoot Buddy chases lost customers
Aussie Broadband is hoping to win back some of the customers lost to rival Superloop with a new, cheap internet brand, Buddy Telco.
- Jenny Wiggins
Liverpool Partners hires Macquarie Capital for Seisma sale
Diligence materials on Seisma, which makes close to $25 million in earnings, are in front of a small group of offshore strategics and local sponsors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
‘Private AI’ surge powers Equinix’s $240m data centre expansion
The surge in AI use adds to existing drivers for data centre demand, including cloud computing and increasing consumption of streaming services and social media.
- Nick Lenaghan
Businesses hit the brakes on large pay rises
The pandemic era of inflated salary increases appears to be over as the economy slows and skills shortages ease.
- Euan Black
May
Optus loses appeal to keep Deloitte report on cyberattack secret
The decision means information in a report commissioned by Optus into the causes of its 2022 cyberattack will be given to a class action law firm.
- Jenny Wiggins
More jobs go at Downer EDI in efficiency drive
Dozens of employees have lost their jobs in a new wave of cost-cutting including senior executives and people in the engineering group’s IT operations.
- Jenny Wiggins
Google steals OpenAI’s thunder with something 15 times bigger
The new version of Gemini can write poems about objects it’s seen, or even tell the user where it last saw her glasses.
- John Davidson
April
Optus parent writes off billions and strikes $1.6b deal with TPG
Singtel has had to write off billions of dollars on Optus, offset partly by the beleaguered telco striking a $1.6 billion deal with Australian rival TPG.
- Updated
- Jenny Wiggins
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aussie Broadband to call Barrenjoey, Luminis in Superloop court battle
Investment bankers and Superloop directors and executives will be subpoenaed as witnesses in a Federal Court trial as Aussie Broadband continues to fight its rival over a forced share sale.
- Jenny Wiggins
AI could kill call centres, says boss of Tata IT business
Chief executive K Krithivasan says chatbots would soon be able to analyse a customer’s transaction history and do much of the work done by call centre agents.
- Benjamin Parkin and Chris Kay
TPG, iiNet email accounts bounce to Philippines, Norway
Users of TPG Telecom and iiNet email have to deal with a call centre and a parent company in the northern hemisphere after their accounts were handed over to The Messaging Company.
- Jenny Wiggins
- Opinion
- Chanticleer
NextDC feeds the ducks while they’re hungry
The data centre owner has played the capital markets game superbly to be on the cusp of the top-50 stocks. To stay there, it has to deliver.
- Anthony Macdonald