This Month
EQT Partners taps sellside adviser for $30m-a-year Nexon Asia Pacific
EQT’s Mid Market Asia fund has held a majority stake in the IT services outfit since July 2019.
March
The hottest new C-suite position is head of AI
Boards and leadership teams are scrambling to hire someone who speaks the language of artificial intelligence.
Goodman’s $10b global data centre roll-out starts in LA
Renowned for its worldwide portfolio of warehouses, Goodman is taking advantage of that land bank in the race to serve a global surge in data use.
The AI surge: 175 new data centres and $26b in investment
The number of devices connected to the internet in each household is expected to double by 2030, fuelling a big rollout in data centres.
February
TPG Telecom says regional push is growing customer numbers
The country’s third-largest telco, which owns Vodafone and iiNet, is sharing a network with Optus, and hopes this will increase its mobile market share.
Optus customer executive the first to leave under new CEO Stephen Rue
Maurice McCarthy’s resignation marks the first big executive departure under new boss Stephen Rue as he tries to restore the embattled telco group’s reputation.
Aussie Broadband fights for share in ‘hot’ market
The company’s AI-powered budget brand Buddy Telco is not gaining as many new customers as expected because competitors have been cutting prices.
Superloop net loss halves as challenger brands take market share
CEO Paul Tyler says customers are ditching the big three telcos after Superloop’s loss dropped to $7.8 million.
‘Cement and extend’ dominance: Telstra spends $800m on mobile network
Shares rose after the telecoms giant said it will return $750 million to investors and posted a higher profit for the first half of the financial year.
New NBN chief Ellie Sweeney sharpens cost-cutting amid $564m loss
The government-owned broadband network operator has reduced its half-year deficit by trimming maintenance and marketing costs and raising prices.
January
Cheap satellite calls could soon be coming to a phone near you
A new generation of providers with low orbiting networks could transform phone use and challenge major telecoms groups like Telstra and Optus within two years.
Telstra spends $700m on massive AI rollout
The telecommunications giant is bringing in Accenture to apply the technology across its entire business as it tries to cut costs and boost returns.
December 2024
How CEOs are using AI, from driverless forklifts to bird counts
Everyone’s doing it, but are they doing it properly? Here is a fascinating snapshot of what Australian companies are doing with artificial intelligence.
‘Overvalued’: Early verdict on DigiCo float feels like a GyG rerun
David Di Pilla cleverly and quickly seized on the hottest story in markets to get his listing away. But a bigger debate is brewing on the data centre sector.
November 2024
Di Pilla’s $4b data centre play books December debut on ASX
The much-heralded float from the deal-making dynamo taps into one of this year’s hottest themes across the infrastructure, technology and property sectors.
Salter Brothers zero in on Brisbane telco reseller; launches raise
Street Talk understands the Melbourne-based technology fund has entered into exclusive terms for a 100 per cent acquisition of Bigblu Broadband’s SkyMesh.
October 2024
Australia’s fibre backbone race picks up speed
The Vocus Group’s $5 billion purchase of fibre networks reflects the intensifying competition among companies installing the cables that will handle data for the nation’s digital needs.
Cooper Investors slams Verizon’s Frontier takeover price
The Australian fund manager is the first shareholder to publicly say it plans to vote against the $14 billion deal.
Young people, Telstra sceptics: How Boost CEO plans to grow telco
The pre-paid telco backed by Peter Adderton and Paul Keating claims to be gaining market share in an industry that CEO Jason Haynes says is riddled with too many choices.
September 2024
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.