No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreUnwired cuts cash burn rate
Stuart Corner
Monday, 24 October 2005 16:35
It ended the quarter with a cash balance of $11 million compared to $17 million on June 30, having spent $1 million in the quarter expanding its Sydney network and $2.5 million on organising future financing, in addition to its $2.5 million net outflow from operations.
However the results of it future financing activities are due to flow into its coffers this month when it receives $37 million from Intel in return of the issue of convertible notes.
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