Telecommunications equipment maker Nortel Networks announced on Wednesday that it has slashed its business outlook and is looking to sell some of its assets as the economy worsens.
Optima's administrator yesterday said it was having trouble finding buyers for the failed PC maker due to fears about liability for warranties on sold PCs.
Internet service provider Pacific Wireless today expressed an interest in buying the iBurst wireless business from the wreckage of Commander.
Mobile carrier Vodafone Australia today said it had sold 140 of its mobile phone towers to infrastructure management firm Crown Castle Australia.
McGrathNicol, receiver for failed company Commander, today said that it planned to finish selling off Commander's businesses over the next ten to twelve weeks.
The Communication Workers' Union of Australia today said it would attend Commander's first creditor's meeting tomorrow, to push its claim for employees of the failed company to be paid entitlements.
Diversified industrial firm Futuris today said it intended to sell its 50 per cent stake in local telco Amcom speedily, as industry speculation intensified over who would be a likely buyer.
Cubic, a member of the Transys consortium that runs London's Oyster smartcard public transport system, has been legally restrained by its partner EDS.
Telstra today put an end to its long-running attempt to sell its IT services subsidiary Kaz, saying it would keep the company.
The IT support functions of several large federal and state government agencies face an uncertain future in coming weeks as Commander Communications' receivers attempt to find buyers for the IT services company.
German conglomerate Siemens is looking to end its participation in its joint venture with Japanese giant Fujitsu, according to The Wall Street Journal, citing people familiar with the matter.
Five months after besieged ICT services outfit Commander announced its turnaround plan, the company still hasn't found a buyer for its iBurst/Personal Broadband Australia wireless internet service provider, and one analyst believes it won't.
Business software vendor TechnologyOne has scored a deal with Wangaratta city council worth more than AU$1.1 million.
Diversified technology services firm UXC has bolstered its engineering division with the acquisition of billing and metering firm Datec Queensland.
Yahoo has reached a settlement with activist investor Carl Icahn, who will join the Internet company's board.
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