iiNet

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

Paul Cavanagh has been appointed as group manager of the new marketing services team at Gold Corporation, the operator of The Perth Mint. Mr Cavanagh previously served in the role of marketing head for iiNet.

Matthew Sullivan has been appointed as the new managing director of Cirrus Networks. Mr Sullivan has been a non-executive director of Cirrus since November 2014.

A unique Western Australian project aimed at challenging the perception that philanthropy is the preserve of a wealthy elite has facilitated its first major donation.

SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth’s data storage capacity, and into new high-speed subsea cables.

Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.

Internet provider TPG Telecom has forecast a strong end to the financial year after its interim net profit nearly doubled, thanks to its $1.56 billion takeover of Perth-grown rival iiNet.

SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it’s still rare to see a female take the chair, judging by Business News’s analysis of Western Australian company directors.

Prominent local business figure Gene Tilbrook has been appointed deputy chairman of the Australian Institute of Company Directors.

TPG’s half-year profit statement suggests where a company is headquartered may be less important than the value for money of its offering.

iiNet founder Michael Malone has been appointed to the board of NBN Co.

iiNet’s mass outage in Perth this week was the fourth time in eight months that Lisa and Jason Spark’s business Quality Printers & Cartridges has been cut off.

Two former iiNet executives have joined the board of data cable project proponent Trident Subsea Cable.

Founder and managing director of Perth-based online property portal rent.com.au Mark Woschnak has announced his immediate resignation from the business.

Former iiNet executive Greg Bader has been officially installed as chief executive of online property portal rent.com.au, following founder Mark Woschnak’s retirement last month.

Shares in TPG Telecom, which purchased iiNet last year, have plunged almost 19 per cent with investors disappointed by its underlying results, dividend and outlook.

The number of Perth-based technology companies pursuing a listing on the ASX this year has hit 10, with Dreamscape Networks due to list in coming days after raising $25 million and Secure2Go kicking off its capital raising this week. 

TPG Telecom has reaffirmed its annual earnings guidance in a bid to ease investor concerns, a week after rival Vocus Communications spooked the market with its worst-than-expected earnings update.

Internet provider TPG Telecom has delivered strong interim financial results - thanks largely to the contribution of its iiNet operations - and has reaffirmed its underlying earnings guidance for the year.

Telstra shares fell today after internet provider TPG Telecom said it would build Australia's fourth mobile network for about $1.9 billion, after securing much-needed mobile spectrum in a government auction.

Shares in TPG Telecom have soared after the fourth-ranked internet player beat its earnings forecast and delivered a 9 per cent lift in full-year profit.

Having grown Perth-based Navitas from a start-up 23 years ago into a global education services provider and one of WA's top 10 listed companies, co-founder Rod Jones is handing the reins to former iiNet boss David Buckingham.