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Telecommunications Telstra flares up over Brightstar allegations
Telecommunications Telstra flares up over Brightstar allegations | Telstra flares up over Brightstar allegations |
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| by Stuart Corner | |
| Wednesday, 14 September 2005 | |
  
Telstra has responded swiftly to an article in 'The Australian' which claimed that it was negotiating a multimillion dollar contract with Brightstar to take over Telstra's mobile phone distribution and warehousing and that there were close ties between Brightstar's CEO, Marcelo Claure, and Telstra CEO, Sol Trujillo. The article quoted Telstra company secretary, Douglas Gration, refuting any suggestions of impropriety or conflict of interest, but nevertheless Telstra saw fit to issue a statement to the ASX saying that the report "implying an improper association between senior Telstra executives and the CEO of Brightstar" was "totally without foundation". "Telstra CEO, Mr Sol Trujillo, is not and never has been a business partner of Brightstar CEO, Mr Marcelo Claure. Telstra chief operating officer, Mr Greg Winn, also is not and never has been a business partner of Mr Claure," Telstra said. "They merely have in common the fact that they each participated in a capital raising conducted this year by a company known as Silk Road Telecommunications...Neither Mr Trujillo nor Mr Winn have any interest in Brightstar, and would not stand to financially benefit in any way from any relationship between Telstra and Brightstar." |
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