Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 382 results for "Telecommunication"

First State Super makes first take-private bid

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
First State Super, soon to be Aware Super, has made a bid to acquire 100% of the shares in a listed telco, in what comes as the super fund's first direct bid for an ASX-listed company. The $95 billion industry super fund has made a bid to acquire ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
Westpac has sold its vendor finance business to a New York-headquartered private equity firm, in the first sale from the bank's strategic review stable. Cerberus Capital Management has acquired Westpac's Strategic Alliances, with the equipment ...

Dealmakers hold off investing in Australia

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
Merger and acquisition activity has come to a grinding halt as dealmakers are struggling to get access to finance in addition to regarding delays in governmental approval for foreign investment, according to the latest research from Pitcher Partners. ...

Amazon launches climate VC fund

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The US$1.38 trillion technology giant has launched a US$2 billion venture capital fund, set to invest in companies building products, services, and technologies that protect the planet. Amazon said its newly launched Climate Pledge Fund would help the ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
Treasurer Josh Frydenberg has announced a major crackdown on foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases. The reforms to the country's foreign ...

Wealth platform appoints technology lead

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
A specialist wealth management platform has appointed a chief technology officer, bringing over 20 years' experience in technology roles to the software provider. WealthO2 has appointed Matthew Done as its chief technology officer, set to report directly ...

Opportunities abound in COVID-19 environment

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... Consumer Staples (like Woolworths), Consumer Discretionary (such as JB Hi-Fi), Health Care (like CSL and ResMed), Telecommunication Services (such as Telstra), Commercial & Professional Services (like Brambles) and Software & Services (like Altium) are ...

Telstra issues 10-year bond

ALLY SELBY  |  FRIDAY, 17 APR 2020
Telstra has issued an $860 million 10-year bond as it moves to further strengthen its balance sheet. The bond, issued at €500 million, has been priced under Telstra's debt issuance program, and will be issued on April 23. Telstra said it would use ...

What's next for income-focused funds

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... share, paid on March 31] and has very strong capital strength and is less affected some others." He points to telecommunication service providers and grocery chains in identifying dividend opportunities for the months ahead. "Some areas may even be able ...