A restructure of the Optus and parent company Singapore Telecommunications (SingTel) will see changes to its leadership team, which includes Optus Australia country chief officer Paul O’Sullivan and SingTel Group Digital L!fe CEO Allen Lew moving into new roles.
Optus has reported a net profit of $187 million in the first quarter of 2014, a 12.3 per cent increase on the same period last year.
An NBN Co special access undertaking (SAU) has been submitted to the Australian Competition and Consumer Commission (ACCC) which guarantees fixed wholesale prices for the next five years to service providers.
The National Broadband Network (NBN) is on a “knife edge” unless spending and pricing costs are regulated by the Australian Competition and Consumer Commission (ACCC), according to Optus chief executive officer, Paul O’Sullivan.
It was 20 years ago on November 19, 1991, when Optus was granted its carrier licence. Since then, the telecommunications company has survived many ups and downs.
The survival of the National Broadband Network (NBN) hinges on the sector maintaining debate and competition during the project, Optus chief executive, Paul O’Sullivan, has warned.