Australian automated debt collection company ezyCollect, has completed a $7.1 millon capital raising as the company continues expansion of its business aimed at helping businesses collect payments faster from customers.
Telstra has switched on its 400th base station under the federal government’s programme to overcome mobile black spots around the country and to enhance mobile communications in regional and remote areas. Newly installed base stations have already facilitated 60 million calls.
Spending on innovation by professional services firms, including in the IT services sector, is increasing significantly, according to a new report that reveals Australia’s return on investment in innovation is almost double the national average for less outlay compared to other sectors.
Telstra’s profitability has taken a big hit from its disastrous investment in US-based business Ooyala with the big telco reporting profit for the six months to the end of December plunged by 5% to $1.7 billion compared to the previous half year.
Financial markets reacted negatively to Netcomm’s full year 2016 results on Monday, with the share price dropping despite revenues increasing by 14.8% to $85.3 million, but with a big hit to revenues from its broadband business – down by $14.1 million to $26.4 million for the year compared to 2015.
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