Media Releases

Cable & Wireless Optus acquires MUAnet

9 January 1999, 9:00 am

The acquisition is expected to increase Cable & Wireless Optus’ share of the frame relay market by 6.5 per cent, making it the second largest provider of this service. MUAnet currently sells and supports a fully managed frame relay based managed data telecommunications service to small and medium sized enterprises throughout Australia. The acquisition is … Read more

Optus Pay TV Makes Strong Inroads Over Summer

8 January 1999, 9:00 am

Ratings figures complied by AC Neilsen over December show more and more viewers are shifting from free to air to pay television. The December figures show that Optus pay TV households spend more than 50 per cent of their viewing time watching pay TV. Optus Pay TV’s overall share of viewing hours increased by more … Read more

ACCC’s interconnect decision welcomed

1 January 1999, 9:00 am

“The ACCC is to be congratulated for arriving at a decision which is clearly in the best interests of the consumer. Cable & Wireless Optus has always held that Telstra’s interconnect charges were too high and out of step with world best practice. All three studies commissioned by the ACCC recommended halving the price of … Read more

Cable & Wireless Optus confirms dramatic reduction in debt and gearing levels

1 January 1999, 9:00 am

  Prospectus estimates that the float would generate $2.5 billion in new capital have been exceeded, with approximately $2.9 billion in funds raised. The additional $400 million was raised through the recent subscription for additional shares by Cable & Wireless plc, convertible note holders and through the exercise of the Over-Allotment Option. “This better than … Read more