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Pastimes : Crazy Fools Chasing Pacific Century CyberWorks Ltd -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (54)	8/5/2001 8:12:02 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 102

[00-5-08] Telstra Chief Reshuffles His Pack By John Stackhouse, Computer Daily News. SYDNEY, AUSTRALIA, 08 May 2000, 2:00 AM CST Telstra Chief Reshuffles His Pack 05/08/00 SYDNEY, AUSTRALIA, 2000 MAY 8 (NB) -- By John Stackhouse, Computer Daily News. Ziggy Switkowski, chief executive officer (CEO) of Australia's dominant telecommunications carrier Telstra Corp. [AUS:TLS][NYSE:TLS] has reshuffled his executive team and said he has no immediate plans to spin-off Telstra's online assets. Switkowski announced what he called Telstra's "representative business architecture for the foreseeable future." He consolidated six key business units into two: termed Infrastructure Services and Retail Services. The big one, generating A$13 billion (US$7.63 billion) a year, or 70 percent of Telstra revenues, is Retail Services, which takes in consumer and commercial, Telstra business solutions and convergent business groups. Rising star Ted Pretty will be group managing director - and effectively Switkowski's number two executive, in day-to-day control of most of the business. Infrastructure Services, headed by Gerry Moriarty, takes in network and technologies, access field services and a Sydney Olympic Games telecommunications unit - in effect consolidating field operations. Telstra's shares closed at A$6.95 ($4.08), down 39 cents on Friday, a new 52-week low. The telco has been suffering in the marketplace following collapse of a planned merger between Australia's Sausage Software and Solution 6, in both of which it has a major shareholding; and growing perceptions that a planned A$6.5 billion ($3.82 billion) deal with Hong Kong-based Pacific Century CyberWorks is on shaky ground. Exchange Rate: $1 = A$1.70 Reported By Newsbytes.com, newsbytes.com 02:00 CST (20000508/WIRES ASIA, TELECOM/) © 2001 The Washington Post Company newsbytes.com