Australia Business Briefs: Alcatel Launches Access 1
SYDNEY -- Alcatel Australia, part of France's Alcatel SA (ALA), Wednesday launched Access 1, a communications network that can handle Internet and voice traffic. The network will initially service Sydney and the coastal areas of New South Wales state, but Alcatel also plans to connect Canberra and its surrounding areas.
-Global Technology Ltd. (O.GBT), a South African software company, has acquired a controlling stake in Solace Ltd. (A.SOA), an Australian software concern. Solace will become the Australian arm of Global Technology. Financial details of the deal weren't disclosed.
-IAMA Ltd. (A.IAM), an Australian agriculture products supplier, said Wednesday it plans to merge with Ruralco Ltd., another Australian agriculture products supplier. The companies will ask for shareholder approval and aim to complete the merger by March 31.
-Shares in Eisa Ltd. (A.EIS), an online service provider, were suspended from trading Wednesday pending an announcement by the company. Local media reports say Eisa is in the running to buy OzEmail's Internet consumer business.
-Solution 6 Holdings Ltd. (A.SOH), an Australian accounting software company, said Wednesday it is negotiating to buy Law Point Pty. Ltd., a private Australian computer company.
-Austar United Telecommunications (A.AUC), an Australian pay television company, said Wednesday it has entered an initial agreement to acquire 50% of Massive Interactive Ltd., an Internet development company. The financial details of the deal weren't disclosed.
-Dow Jones Newswires-Sydney (612-8235-2950)
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