News (1106)

  • Nortel slashes outlook, sells assets

    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.

  • No buyers for Optima

    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.

  • Pacific Wireless wants iBurst

    Internet service provider Pacific Wireless today expressed an interest in buying the iBurst wireless business from the wreckage of Commander.

  • Vodafone Australia sells towers

    Mobile carrier Vodafone Australia today said it had sold 140 of its mobile phone towers to infrastructure management firm Crown Castle Australia.

  • Tight schedule for Commander sale

    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.

  • Union targets Commander leftovers

    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.

  • Futuris wants quick Amcom sale

    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.

  • London Oyster contract in limbo

    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 ends Kaz sale process

    Telstra today put an end to its long-running attempt to sell its IT services subsidiary Kaz, saying it would keep the company.

  • Commander customers face uncertain future

    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.

  • Siemens may want to cut Fujitsu ties

    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.

  • Commander can't sell iBurst

    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.

  • TechOne beats Civica to council job

    Business software vendor TechnologyOne has scored a deal with Wangaratta city council worth more than AU$1.1 million.

  • UXC buys into smart metering

    Diversified technology services firm UXC has bolstered its engineering division with the acquisition of billing and metering firm Datec Queensland.

  • Rebel Icahn to join Yahoo board

    Yahoo has reached a settlement with activist investor Carl Icahn, who will join the Internet company's board.

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