Technology

Telstra shares down on lower profit

Telstra Corporation shares have fallen after the nation's largest telco reported a lower-than-expected first-half net profit. The company said net profit for the six months to December 31, 2011, came in at $1.468 billion, up 22.9 per cent from the prior corresponding period.

UXC Connect wins $8m minesite deals

New South Wales-based UXC Connect has won four contracts worth $8 million collectively to deliver its digital entertainment package at four mining camps in the Pilbara.

Gillard examines sport broadcast case

The federal government will consider whether there needs to be changes to copyright laws after being lobbied by Australia's sporting codes over broadcasting rights.

US firm wins $620m NBN contract

 US firm Space Systems/Loral has won the $620 million contract for two satellites to provide high-speed broadband to areas in remote Australia.

Government reopens $306.5m solar tender

 The federal government has reopened a multimillion-dollar solar energy grant process amid concern about an investment shortfall at its preferred first-round choice. At stake is a $306.5 million grant on offer from the government's Solar Flagships program.

Fortescue signs up again for ISS software

Software provider ISS Group has inked a three-year deal with iron ore miner and existing client Fortescue Metals Group. Shares in ISS closed up half a cent, or 2.86 per cent, at 18 cents.

HBO to invest $10m in Quickflix

Time Warner subsidiary Home Box Office has announced it will take a strategic stake in Perth-based online DVD rental and content streaming business Quickflix for $10 million.

Exclusive sports deals 'worthless'

A Federal Court ruling allowing Optus to broadcast sports matches online means multi-million dollar exclusive rights deals are worthless, media analysts say.

ISS signs on with Oil Search

Oil Search has signed a contract with Perth-based ISS Group for the supply of management solutions software for the PNG LNG project in Papua New Guinea.

Facebook goes public to raise $US5bn

Facebook is updating its status from a private to public company. The shift is occurring as the internet social network filed its long-awaited plans for an initial public offering of stock.

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