The Government has offered Australia's three mobile operators, and vividwireless, renewal of their existing spectrum allocated on 15 year licences in the late 90s and early 2000s at set prices, while the Government expects to rake in $3 billion.
"There is voluntary, consensual and forced. This is consensual between Primus and its bond holders," Mr Bhatia said.
“This is good news for Primus Australia
because it results in increasing Primus Australia’s ability to
re-invest in our local operations,” said Mr Bhatia. “Since it was granted a license to operate in 1997, Primus
has invested over $500 million in its network facilities in Australia.
“Primus
Australia is a solidly profitable business that generates significant
positive cash flow, making us financially independent and self
sufficient,” Mr. Bhatia said. “No employees, customers, suppliers or
business partners in Australia will be affected in any way by the
financial restructuring activities of the U.S. holding company and
there will be no loss jobs in Australia.
“We expect only to
benefit from the restructuring since a large portion of local profits
that were used in part to service the U.S. holding company’s debt may
now be available for investment in organic expansion as well as
acquisitions of synergistic telecom businesses throughout Australia.
It is a ‘win-win’ situation for the U.S. holding company and its
bondholders, as well as Primus Australia and its customers, vendors and
business partners in Australia.”
Primus Australia’s network
offers nationwide coverage through its own backbone network with
facilities in 66 POIs and 282 DSLAMs across Australia, as well as
nationwide long-distance telephone and high speed broadband services.
In addition, Primus operates its own fibre network in the five major
capital cities, delivering a range services to residential and business
customers including direct-connect services, ISDN, telephone,
broadband, Ethernet and hosting services.
David Bass
| ComOps, a leading Australian provider of business software products and services, has won a competitive tender to deploy its Salvus safety, r…
How to Make Business Discovery Work for Your Business
Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more
Try an easy-to-use set of web-enabled
tools for business-class productivity services. Office 365 provides
anywhere-access to email, important documents, contacts, and calendars
on almost any device.
