Market briefs: Telstra, iiNet, Universal Biosensors

Telstra battens down for Cyclone Yasi; iiNet reveals lapse of 68.5k options; Universal Biosensors announces Euro launch for OneTouch Verio

Telstra prepared for Cyclone Yasi

Telstra (ASX:TLS) has revealed it is prepared for the incoming Cyclone Yasi.

The company said in a statement that it has standby equipment available in northern Queensland, but that the network is at risk of factors including destruction of infrastructure and power outages.

Should the worst come to pass, the company is prepared to swoop in and repair any outages, it added. TLS shares declined 1.07 per cent during Tuesday's trading to $2.770.

iiNet cancels 68,500 options

ISP iiNet has revealed it has been forced to cancel 68,500 options issued under its employee share option plan.

The options, exercisable at $1.74, have now lapsed, iiNet said in an ASX disclosure. The company now has 399,000 options on issue.

IIN shares stayed flat in Tuesday's trading at $2.660.

Universal Biosensors announces Euro launches

Medical diagnostics company Universal Biosensors (ASX:UBI) has announced the launch of the OneTouch Verio in Italy and France.

The OneTouch Verio is a diabetes self-monitoring product which Universal Biosensors helped develop for LifeScan.

UBI shares grew one per cent in Tuesday's trading to $1.520.

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Tags TelstraNetworkingiiNetUniversal Biosensorspower outagetelcosLifeScanCyclone YasiOneTouch Verio

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