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NZ telco Chorus’ revenues capped under new price-quality regulations Thursday, 27 May 2021 12:31 NZ telco Chorus’ revenues capped under new price-quality regulations Featured New Zealand’s largest telco Chorus will be able to earn revenues of NZ$689 million in 2022 increasing to NZ$786 million in 2024 under new revenue caps and price-quality guidelines for the telecoms sector announced by the country’s competition regulator, The Commerce Commission. Telecommunications Commissioner Tristan Gilbertson said on Thursday that the estimated price-quality path for Chorus announce...

iTWire Monday, 24 May 2021 16:56 mx51 adds $25 million to coffers with capital raise Featured Victor Zheng, CEO mx51 Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.  The funds represent mx51’s first major round of investment, secured less than 12 months after the company spun out of Assembly Payments in May 2020. The business is led and founded by former Westpac executive and former Assembly Payments co-CEO Victor Zheng.  mx5 says the round will allow it to rapidly expa...

iTWire Wednesday, 19 May 2021 10:14 Lycamobile cops $600,000 penalty for public safety ‘failures’ Featured Mobile phone services provider Lycamobile has been penalised $600,000 by the telecommunications industry regulator ACMA after prolonged and large-scale customer data failures, which could have put people in danger. The ACMA investigation found 245,902 instances where Lycamobile did not provide accurate customer information to an industry database used by police, fire and ambulance services, and 4,207 instances where it failed to comply with ID check rules before...

iTWire Tuesday, 18 May 2021 12:10 Healthcare leaders note ‘resilience’ of healthcare system, but want investment in ‘predictive health’ technologies Shares Physicians consult Philips Medical Tablet with IntelliVue XDS software to monitor their patients remotely. Australian healthcare leaders believe Australia’s healthcare system has shown resilience in the face of the pandemic, but that their hospital or healthcare facility needs to invest in predictive healthcare technologies. According to Australian healthcare leaders interviewed for health technology company Phi...

iTWire Tuesday, 11 May 2021 13:02 City of Sydney revises net zero carbon emissions target Featured Lord Mayor Clover Moore said the revised target, a feature of the proposed new Environmental Strategy 2021-2025, underscores the City’s commitment to action on climate change. “We’re in the middle of a climate emergency, yet the Federal Government continues to ignore the community, expert advice and international pressure,” the Lord Mayor said. “Australia’s emissions have been going up since 2014, and in the face of the Government’s shameful inaction we are...