News

• Startups eye Southeast Asia for growth

  Southeast Asia provides great opportunities to Australian tech startups seeking to expand, according to SingTel, startups and investors at the Echelon Ignite conference in Sydney.

• Optus Business restructure integrates Alphawest, NCS

  Optus has completed a business restructuring that integrates Optus Business with Alphawest and SingTel subsidiary NCS. The groups, which serve enterprise and government customers, previously operated separately.

• Telstra, Optus to trade credit rating points for spectrum: Moody's

  Bidding in next week’s Digital Dividend auction is crucial for Telstra and SingTel Optus to stay competitive even though it is likely to negatively impact their credit ratings, according to a financial analyst at Moody’s.

• SingTel mulls future of Optus satellite unit

  SingTel is reviewing its Optus Satellite business “to optimise value for shareholders,” the company said in a statement to the ASX.

• Australian startup snapshot: Ollo Mobile

  Brisbane startup Ollo Mobile is building toward global release of a wearable 3G telehealth device designed to protect seniors and young children.

• Optus slashes nearly 1000 staff in a year

  Optus has shed 305 staff over the three months to 31 December, 2012, SingTel announced today.

• SingTel, Optus seed fund for startups announces round two

  SingTel and Optus announced a second round of funding for Australian startups under the companies’ Innov8 seed program.

• Optus revenue falls on the back of slowing mobile business

  Operating revenue at Optus has dropped 4.2 per cent ($98 million) to $2.24 billion on the back of a slowdown in its mobile business for the second quarter ending 30 September 2012.

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  Optus sinks funds into two Melbourne start-ups

  Optus’ start-up program has made its first investment in two Melbourne-based start-up companies – 121cast and Venuemob.

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  Paul O’Sullivan looks back at 20 years of Optus

  It was 20 years ago on November 19, 1991, when Optus was granted its carrier licence. Since then, the telecommunications company has survived many ups and downs.

• Optus grows its mobile base

  Optus has grown its mobile customer base to 9.23 million as at 30 September 2011, up 131,000 or four per cent year on year.

• Optus parent SingTel ups stake in AIS

  Optus parent SingTel Limited (ASX:SGT) plans to pay up to S$328 million ($249.5 million) to increase its holding in Thai telecom operator AIS.

• Optus, SingTel sign $2.58b in credit facilities

  Optus and parent company SingTel (ASX:SGT) have together secured credit facilities with international banks totalling S$3.7 billion ($2.58 billion).

• SingTel prices $600m in 10.5 year notes

  Optus parent SingTel (ASX:SGT) has announced it has priced $US600 million ($593.5 million) worth of medium-term notes in a thoroughly oversubscribed issue.

• Optus reports slight profit, 88,000 new customers

  Optus ended the December quarter around 8.9 million mobile subscribers, according to parent company SingTel (ASX:SGT).