Staff, revenues down – tough times at Optus

Optus' parent SingTel has announced a major restructuring of its global operations that appears to have split off Optus' consumer and business arms and made them part of new SingTel group divisions.

The Daily Telegraph has launched what appears to be an all-out attack on SingTel subsidiary Optus, claiming the telco's mobile coverage is the pits.

Featured | Written by: Graeme Philipson | Published in: NetworkingAustralia’s number three telco Vodafone, which has been bleeding money for years, has announced that it will fire staff, cut costs, and restructure its operations.

Written by: Stuart Corner | Published in: RegulationThe ACCC has confirmed its draft decision, issued in May, to approve the agreement between NBN Co and Optus for the migration of Optus' HFC subscribers to the NBN and the decommissioning of parts of Optus' HFC network.

The nation's number two telco Optus yesterday raised concerns about Foxtel's multi-billion dollar bid to acquire fellow pay TV operator Austar, claiming the merger would strengthen rival Telstra's ability to exploit bundled services. However, not everyone agrees with the SingTel subsidiary.

When the pan-Asian mobile carrier SingTel paid $321 million to acquire mobile ad platform SingTel in May last year, the thinking was that the Singapore-based SingTel could use Amobee to serve targeted ads to its 480-million mobile subscriber base across the region.

Written by: Stuart Corner | Published in: MarketOptus has reported a decline in revenues of 3.2 percent for the three months to 30 June, compared to the same period last year, a 2.6 percent decline in EBITDA and a 7.4 percent decline in its underlying net profit from $174m to $161m,

Reported net profit was down only 3.9 percent (from $161m in Q1 Fy11 to $155m).

When it comes to capturing the attention of the World's IT press Cisco seems to think that Optus, doesn't have the pulling power of  SingTel, even when Optus is ahead in its implementation of the solution Cisco is striving to promote.

Written by: Graeme Philipson | Published in: MobilityiiNet has launched a range of 4G wireless broadband services over the Optus LTE network. The company says it will use these services to “drive up its product-to-customer ratio”.