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News Archive - November 2006
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30th November, 2006 Sol Trujillo has seized on Rupert Murdoch's claim that investment in broadband infrastructure in this country was a "disgrace", hinting that the Government should spend more.
Source: ABC Online
30th November, 2006 Unions believe today's rallies against the new IR laws will be the biggest protest the nation has ever seen. Greg Combet says workers will fill the MCG, where high-profile musicians and comedians will perform.
Source: The Age - Meaghan Shaw, Jordan Chong and Misha Schubert
30th November, 2006 The union movement is hoping to fill the MCG, which has a capacity of about 100,000, and that up to 500,000 people will take part in rallies around the nation and watch a national broadcast on Sky TV.
Source: SMH
30th November, 2006 In Sydney, demonstrators, some with their children, marched into Tumbalong Park, Darling Harbour, wearing colourful T-shirts and waving union banners, as part of a national day of action. The park was transformed into a multicoloured sea of people.
Source: The Australian
29th November, 2006 A union has succeeded in overturning a Federal Court decision preventing public servants using their leave entitlements to attend Thursday's ACTU national protests.
Source: The Australian - Michael Sainsbury
28th November, 2006 Two weeks after emerging from commonwealth control, Telstra has moved to increase a raft of charges for mobile phone users, including doubling the prices for voicemail services.
Source: ACTU
27th November, 2006 The ACTU will today begin a television ad blitz to promote a national community protest against the Howard Government’s IR laws this Thursday.
Source: The Age - Matt O'Sullivan
24th November, 2006 Commander Communications plans to reinforce its reputation as a predator. Shares in the former Telstra subsidiary rose more than 3 per cent yesterday after it repeated forecasts for full-year earnings of $95-$101 million.
Source: Asia Times - Sudha Ramachandran
23rd November, 2006 One of India's most powerful leftist trade unions has opened its first ever branch in the country's booming information-technology sector.
Source: Australian IT - Andrew Colley
22nd November, 2006 Australia's broadband penetration of about 17.5 per cent was equal to or better than many of its OECD neighbours dealing with large areas of sparsely populated land.
Source: The Australian
22nd November, 2006 The long-rumoured arrival of a hybrid mobile phone and iPod music player from Apple Computer is imminent.
Source: The Australian - Kevin Andrusiak and Michael Sainsbury
22nd November, 2006 T3 instalment receipts continued their rise yesterday as doubts emerged over the ability of retail shareholders to cash in on the market.
Source: The Australian - Kevin Andrusiak and Michael Sainsbury
21st November, 2006 Investors dumped Telstra shares in favour of the partly-paid instalment receipts at the first opportunity yesterday.
Source: The Australian
21st November, 2006 Ratings agency Moody's is maintaining its negative outlook on Telstra after T3 instalment receipts started trading yesterday.
Source: The Age - Jesse Hogan
21st November, 2006 Telstra has begun the post-T3 era by becoming the most prolifically traded company in the history of the stock exchange.
Source: SMH
20th November, 2006 The third tranche of Telstra shares will be floated this morning on the Australian Stock Exchange at a price of $3.60.
Source: The Age - Jesse Hogan
20th November, 2006 The Government has raised a massive $15.5 billion from the T3 sale — almost double what it was aiming for — on the back of unexpected investor demand for Telstra stock.
Source: The Australian - Michael Sainsbury
17th November, 2006 Telstra and the competition watchdog are attempting to keep pivotal documents about an aborted deal to deliver high-speed broadband out of public sight.
Source: SMH - Matt O'Sullivan
17th November, 2006 Commander Communications emerged as a potential takeover target yesterday following speculation SingTel could launch a bid valued at more than $540 million.
Source: The Australian - Nicki Bourlioufas
16th November, 2006 Telstra shares have dropped after the company's annual general meeting.
Source: The Australian - Rhys Haynes
16th November, 2006 Rupert Murdoch has labelled broadband services in Australia a "disgrace" and called on the Federal Government and Telstra to invest up to $12 billion to improve download speeds.
Source: The Age - Jesse Hogan
16th November, 2006 Vodafone's Australian division grew revenue at about three times the rate of Telstra and Optus in the three months to the end of September.
Source: ACTU
15th November, 2006 Unions have vowed to intensify their campaign against the Howard Government's industrial relations laws following yesterday's decision by the High Court.
Source: SMH - Elizabeth Knight
15th November, 2006 It's hard to understand how much can be achieved from annual shareholders' meetings when they degenerate into venting sessions.
Source: The Age - Alan Kohler
15th November, 2006 There is actually now a fair chance of a profit for T3 stags next week, even though T3 is definitely going to be a lot bigger than $8 billion.
Source: The Age - Jesse Hogan
15th November, 2006 Another major Telstra event, another problem. Telstra's annual meeting in Melbourne started with a disgruntled customer being dragged out of the meeting by three security guards.
Source: The Age - Jesse Hogan
15th November, 2006 Telstra shareholders may be unhappy with the amount the company paid its executives in the past year, but they are furious with the Federal Government.
Source: The Age
14th November, 2006 Telstra's management faces a long and difficult annual shareholder meeting, which will include a protest over executive pay and a face-off with the government over the nomination of a new board member.
Source: The Age/AAP
14th November, 2006 Australian rocker Jimmy Barnes will be the headline act in a national day of protest against the federal government's industrial relations laws.
Source: The Age/AAP
14th November, 2006 Telstra boss Sol Trujillo has a remuneration package of up to $10 million annually, the company said today.
Source: ABC Online
14th November, 2006 The High Court has dismissed the states' and the unions' challenge to the Federal Government's workplace relations laws. (Outline of decision at ABC Online)
Source: The Age - Kate Askew and Matt O'Sullivan
13th November, 2006 Telstra wants to keep a lid on a multi-million-dollar executive pay arrangement struck in 1999.
Source: The Age - Email
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Malcolm Maiden
13th November, 2006 The T3 sale has reached the point where the Howard Government's adviser, Caliburn, must perform its most important job: ensuring that the sale is smaller than it could be.
Source: The Age - Marc Moncrief
13th November, 2006 The Government's T3 advertising blitz aimed at mums and dads has paid off, with applications received for 2.5 billion Telstra shares worth almost $10 billion.
Source: The Australian - Brad Norington and Joseph Kerr
13th November, 2006 Workers will be able to cash out unused sick leave under the second round of changes designed to soften the effect of John Howard's workplace laws.
Source: Courier-Mail - Scott Murdoch
10th November, 2006 The strong demand for Telstra shares has forced the Federal Government to expand the Telstra 3 float.
Source: The Age - Marc Moncrief
10th November, 2006 The Federal Government will increase the offering of Telstra shares for sale to meet demand from institutional investors.
Source: The Age - Malcolm Maiden
10th November, 2006 Next year is an election year and the last thing the Government wants is an army of unhappy T3 investors.
Source: The Age - Garry Barker
10th November, 2006 Telstra's BigPond internet division will today switch on high-speed ADSL2+ broadband services in close to 300 principal telephone exchanges.
Source: ABC Online
9th November, 2006 The Federal Government says there has been a late rush on Telstra T3 shares with the retail offer closing today.
Source: Courier-Mail - Mathew Charles
9th November, 2006 Optus profits may be assailed by tough competition, but its share price has neared its highest point since Singapore Telecom grabbed control in 2001.
Source: SMH - Matt O'Sullivan, Kate Askew
9th November, 2006 Optus has had a 12 per cent fall in net profit in the second quarter as margins in its mobile phone business continue to come under pressure.
Source: SMH - Matt O'Sullivan
9th November, 2006 AAPT plans to slash about 640 jobs - more than a quarter of its workforce - at three call centres in Victoria and Queensland.
Source: Daily Telegraph - Fleur Leyden
8th November, 2006 Expectations are that the retail offer will account for up to $6 billion of the $8 billion worth of Government shares that are earmarked for sale.
Source: SMH - Stephen Bartholomeusz
8th November, 2006 For the past month the relationship between the Government and Telstra has been an unusually calm one. That may be about to change.
Source: The Age
8th November, 2006 The Federal Government will not vote against Telstra's remuneration report next week.
Source: ABC Online
7th November, 2006 The Bendigo Trades Hall Council says it is stunned by news AAPT will close its call centre by the end of next year. Secretary Karen Kyle says the decision means the loss of at least 350 jobs in Bendigo.
Source: The Age - Jesse Hogan
6th November, 2006 The T3 offer officially closes on Thursday, and applications that are not received by close of business will not be considered — even if they have been posted beforehand.
Source: The Australian - Nicki Bourlioufas
3rd November, 2006 Mum and dad investors have largely knocked back the Government's T3 offer, with most people saying they are not participating in the final Telstra sell-off.
Source: SMH - Nick O'Malley
3rd November, 2006 A Government body that gathered statistics on the conditions Australian workplace agreements stripped from workers has stopped recording the information.
Source: ABC Online
2nd November, 2006 The number of telecommunications complaints has risen by more than 110 per cent in the past year.
Source: SMH - Matt O'Sullivan, Kate Askew
1st November, 2006 The Government is copping a major backlash over the nomination of the Prime Minister's former adviser to Telstra's board.
Source: SMH - Nick O'Malley
1st November, 2006 A Chinese labor hire firm has been forced to pay $650,000 to 38 workers who were underpaid for labour on a Sydney building site.
Source: The Age - Alan Kohler
1st November, 2006 It's Wednesday, this must be Tokyo and Sol Trujillo, Telstra deputy CFO Tarek Robbiati and a sparkling stockbroking sales team lurch from the hotel towards another Powerpoint breakfast.
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