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Telecommunications 'That's the last defector', says Terria as TransACT exits
Telecommunications 'That's the last defector', says Terria as TransACT exits | 'That's the last defector', says Terria as TransACT exits |
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| by Stuart Corner | |
| Monday, 27 October 2008 | |
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TransACT - which operates a hybrid fibre coaxial network in the Australian Capital Territory delivering pay TV, telephony and broadband services - says it intends to submit its own bid for the NBN within the ACT. Terria intends to submit a national bid, but should the Government choose to award the ACT to TransACT and the rest of the country to Terria, Egan said the two would ensure that there respective networks were compatible. The two companies said they would "remain firm allies in the battle to provide all Australians with faster, better and less expensive broadband services." Egan and TransACT chairman, John Mackay, said: "As the bid date drew closer it had become apparent that it was in the interests of both companies for TransACT to formally withdraw from Terria," because it would "enable commercial negotiations between TransAct and TERRiA to be conducted without any conflict of interest, either real or perceived, among our respective directors." They issued a joint statement saying that TransACT would "formally withdraw from Terria." However, according to TransACT CEO, Ivan Slavich, TransACT had never publicly stated any formal involvement in Terria. "TransACT has never stated publicly that we were part of Terria. Certainly we are part of G9 [the predecessor of Terria] and continued our involvement," he told iTWire. CONTINUED |
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