Costello Says Telstra Corp. Made Unwise Investments in Asia
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Australian Treasurer Peter Costello said Telstra Corp., the nation&#39;s biggest phone company, made ``unwise&#39;&#39; investments in Asia.
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Telstra Corp.Â paid $254 million for a controlling stake in SouFun Holdings Limited, which runs one of China's largest real-estate and home improvement Web sites, the company said Thursday.
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By Kamarul Yunus  PT EXCELCOMINDO Pratama (XL), a unit of Telekom Malaysia Bhd (TM), plans to spend about RM116 million to lay a fibre optic network in Indonesia, a company spokesperson said.
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The outgoing chief executive of Australian telecommunications giant Telstra said Friday his departure was prompted by differences between him and the company&#39;s board of directors.
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Australian Prime Minister John Howard said Thursday that Telstra Corp.&#39;s board would choose its next chief executive, not the federal government, which has a majority stake in the telecommunications giant.
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Australian Prime Minister John Howard has denied he had made a deal to hand over power to his ambitious Treasurer Peter Costello ahead of elections next year.
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The outgoing chief executive of Australian telecommunications giant Telstra said his departure was sparked by differences between him and the companyâs board of directors.
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Treasurer Peter Costello has been accused of paving the way for the government to break its big-spending election promises after he expressed scepticism about official predictions of strong economic growth.
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Hong Kong-based Hutchison Whampoa is to float off its mobile phone businesses in Asia. The huge conglomerate, which has so far sunk US$22 billion into 3G licence acquisition and network build in Europe, hopes
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SYDNEY: Australia&#39;s dominant telecommunications firm, Telstra, has unveiled details of a 750 million dollar (532 million US) off-market share buy-back as part of a three-year, 4.5 billion dollar capital management program.
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Business & money: World's largest mobile operator finds conditions 'very difficult' in Europe but looks to growth in emerging markets like India.
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JOHN Howard has announced a $98.7 million investment in counter-terrorism that includes pushing cutting-edge Australian technology into the Asia-Pacific.
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By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand  Mar. 9--Advanced Info Service (AIS) has scaled down its investment this  year amid rising political uncertainty to avoid becoming a target of any  further attacks on its parent, Shin Corp, and its Singaporean shareholders.
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Telecom yesterday denied its AAPT consumer business in Australia was on the block, reports NZPA. The company played down chief financial officer Marko Bogoievski&#39;s statement in a media report from New York
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Singapore Technologies Telemedia, a wholly-owned subsidiary of Temasek Holdings, the state investment body, criticised Indonesian authorities on Tuesday for not dropping an investigation into alleged violations of competition law in the mobile phone sector.
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TELSTRA chief financial officer John Stanhope has admitted Telstra&#39;s margins in its $4.5 billion a year mobile phone business will shrink this year in the face of increased price competition and the growing cost of acquiring new customers.
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Spanish broadband operator Jazztel  expressed regret on Thursday after an executive sent an e-mail to clients urging them to buy stock ahead of a "highly innovative" package for corporate subscribers.