TELSTRA SEC DISPUTE

We were advised that the Fair Work Commission anticipated publishing the decision in the South East Construction Shift last week. We will advise when it is received.

TELSTRA UNWRAPS GOVERNMENT'S $1.8BN GIFT.

From IT News: Telstra has completed its acquisition of South Pacific telco Digicel. Of the nearly $2 billion deal, Telstra had to kick in only $188 million, with the rest coming from the federal government's Export Finance Australia. For that investment, Telstra gets to take control of a business that brings in nearly $700 million annually.

In an announcement to the ASX, Telstra said the Digicel business will be operated by Telstra as a standalone business, with its staff remaining in place. The company will have a Telstra-appointed board.

Telstra's outgoing CEO Andy Penn wrote: "As the biggest mobile operator in the South Pacific, Digicel has more than 2.8 million customers across six nations - Fiji, Papua New Guinea, Samoa, Tonga, Vanuatu and Nauru."