ASX tech IPO 2020 update: $259m tech player to launch on the ASX soon
An Australian online marketplace for lifestyle, furniture, home, electronics and much more, MyDeal.com.au Limited (ASX: MYD) will be floating on the Australian Stock Exchange from Thursday, 22nd October 2020. The tech player has decided to get listed on the ASX to benefit from the ever-growing...
TPG to launch Felix to compete against Telstra
Australian internet and mobile services provider TPG Telecom is all set to launch its new, digital-only, mobile app-based telecom brand Felix. The new mobile service is the first new brand that will be unveiled and launched by TPG Telecom after the TPG and Vodafone Merger....
United Networks Secures $5 Million for Strategic Acquisitions
ASX-listed telecom player United Networks has received an impressive funding of $5 million via a share placement. The telecom group says it will use the capital raised to pursue a number of profitable acquisitions. The company announced that it has received binding commitments from investors...
Aussie Broadband goes public, lists on ASX a week early
Internet service provider Aussie Broadband is making the most of changing digital market trends brought on by the coronavirus pandemic. The company is looking to stage a $40 million initial public offering and make its way to the Australian Securities Exchange (ASX) boards this week....
ACCC Fines Amaysim and Lycamobile Over Misleading Ads
The Australian Consumer and Competition Commission (ACCC) has slapped penalties of AU$126,000 on mobile service providers Amaysim Australia and Lycamobile. The Australian consumer watchdog alleged that the duo offers unlimited data to its customers despite having data caps on the advertised plans. Amaysim and Lycamobile...
Spirit Telecom rechristened as Spirit Technology Solutions
Introduction ASX-listed telecom giant Spirit Telecom has announced its plan to rebrand its name to ‘Spirit Technology Solutions’ to reflect its business transformation. The rebranded Spirit Technology Solutions will continue to trade in the ASX under the ticker code ST1. The telecom giant acquired 7...
Software giant VMware ANZ appoints Sean Kopelke as its Senior Technology Director
VMware has announced the appointment of its new Senior Director of Technology for its Australia and New Zealand arm – Mr Sean Kopelke. The newly appointed Senior Director of Technology will be bringing his experience of more than 20 years in enterprise technology to VMware...
ACS Appoints Interim CEO Amidst Internal Conflicts
Trending in the latest news, Rupert Grayston was announced as the interim CEO of Technology professional group the Australian Computer Society today. The appointment comes amid an attempted leadership spill as the search for a permanent CEO for the association continues. ACS’ Alleged Leadership Spill...
IT takes centre stage in Australia Federal Budget 2020
Trending in the latest news, the 2020 federal budget is out and hundreds of millions of dollars are set to flow into IT. Government agencies will receive funding for a wide range of projects in this year’s budget that is largely dominated by the pandemic. ...
IT services provider HCL expands its digital solutions to Australia
In an attempt to step up its overseas acquisitions, IT services provider HCL Technologies has announced its agreement to acquire DWS in Australia. The acquisition has been valued at AU$158 million and the deal is expected to be closed by December 2020. The DWS acquisition...
