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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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Page 2 of 2 He added "It is getting close to crunch time [with bids due on November 26] and there is obviously a formal process to go through to crystallise things."Featured Whitepaper
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Certainly the three recent defections from Terria in short order would suggest that, as the bid deadline looms. Terria members are being asked to make a formal commited above and beyond holding shares and board seats in Terria Pty Limited a company with a total share capital of just $8.00. Company information obtained by iTWire from ASIC on 27 October listed Terria's directors as being: Ravi Bhatia (CEO of Primus); David Tudehope (CEO of Macquarie Telecom); Michael Malone (CEO of iiNet); Simon Hackett (CEO of Internode); Paul O'Sullivan (CEO of Optus); Michael Egan (chairman of Terria); Michael Simmons (CEO of Terria); Matthew Healy (national executive regulatory and government, Macquarie Telecom); and Andrew Sheridan (general manager of regulatory affairs, Optus). Shareholders were listed as TransACT, AAPT, Primus, Optus, Soul, Internode, Macquarie and iiNet with each holding one of eight shares. |
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