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Singtel denies it plans to sell Optus despite talks with Canadian investor 

Inside Retail

Singaporean telecommunications company Singtel has denied it plans to divest its Optus subsidiary in Australia – despite reports in the Australian Financial Review that discussions with a Canadian buyer are in “advanced stages” Singtel halted trading of its shares in Singapore last night (AEST time) after the news broke in the AFR, pending (..)

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Best Buy Canada to Operate 165 Small-Format Bell Canada Stores Under Renamed Banner

Retail TouchPoints

We’re excited to collaborate with Bell on this unique venture to expand Best Buy’s presence to new communities across the country,” said Ron Wilson, President, Best Buy Canada in a statement.

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Eight telcos get final warnings over consumer protection rule breaches

Inside Retail

Eight telecommunication operators have been warned by the Australian Communications and Media Authority (ACMA) after they failed to provide “adequate safeguards” to customers regarding disconnections. The regulator reviewed the notifications provided to up to 20 customers prior to having their services disconnected.

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Optus backpays over $7.8 million to underpaid employees

Inside Retail

In April 2021, the telecommunications company self-reported the underpayments to the Fair Work Ombudsman following an internal review. The backpayment includes more than $5.4 million in wages and entitlements and more than $2.4 million in superannuation and interest.

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Woolworths says MyDeal data breach impacted 2.2 million customers

Inside Retail

With regard to that event, the Office of the Australian Information Commissioner is investigating whether the Singapore Telecommunications Ltd-owned company took reasonable steps to protect customer data and comply with privacy laws and the Australian Communications and Media Authority (ACMA) said it was investigating whether Optus met its industry (..)

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Latitude Group says customer information stolen in cyber attack

Inside Retail

Australia has been hit by a slew of cyber attacks since late last year, with the largest being health insurer Medibank Private and Optus, the local unit of Singapore Telecommunications. . “The activity is believed to have originated from a major vendor used by Latitude,” the company said.

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Booktopia appoints Peter George as its new chairman

Inside Retail

George has extensive experience and background in telecommunications, media and corporate finance. His departure bookends a turbulent time for the company whose founder Tony Nash was ousted in a boardroom stoush which eventually led to the resignations of most of the board’s directors over several months.