The National Broadband Network (NBN) project has received a timely boost, with Optus in talks to transfer its 500,000 broadband customers to the network.
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The deal echoes the agreement struck between Telstra and the NBN. Optus’ participation will appease its arch-rival, which was concerned about competition to the NBN.
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In less favourable news for Optus, a case brought by the ACCC against the telco has seen its broadband offering compared to a Ferrari with one gear. The consumer watchdog claims that Optus is using misleading advertising by slowing broadband speeds once customers go over a set limit.
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Women still hitting glass ceiling
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Australia compares poorly to other countries in the representation of women in senior company roles. A new report found that women hold just 8.4% of board directorships at the top 200 businesses in the country.
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Perhaps surprisingly, the amount of male-only boards at ASX 200 companies has increased by 3% to 54% over the last two years.
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NSW businesses back coalition
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Business groups have thrown their weight behind the coalition ahead of the upcoming NSW state election.
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Labor, facing near-certain defeat in the March poll, has lost the support of several key private-sector donors, with businesses switching to Barry O’Farrell’s opposition party.
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Telstra to launch tablet
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Telstra is set to enter the tablet market with the launch of the T-Touch Tab. Details on the device are still sparse, although Telstra has said that it will be flash-enabled, unlike the iPad, and will be available by Christmas.
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Overnight
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The Australian dollar jumped almost US1.5 cents higher, hitting a peak of US97.26 cents.
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Meanwhile, US stocks hit a five-month high on the back of strong economic data.
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