Melbourne-based ISP, Netspace, reveals that it was not actively seeking an acquisition offer, however, has announced its confirmed negotiations with iiNet.

Media speculation was widespread that a $75 million acquisition was on the cards. iiNet called a trading halt , posting a statement confirming it was in talks with Netspace, along with several others.

The balance of power between the Rudd government and Telstra in the bid to force the Telco's structural separation has delayed over the past couple of days, with the a clear possibility the government's bill to force this commercially devastating outcome will be defeated.

The Australian Communications and Media Authority (ACMA) revealed that mobile phone companies will be debarred from charging consumers for premium SMS messages against their will. Premium SMS services, a subscription based texts offers content like ringtones and games, delivering it directly to mobile phones and cost more than a standard SMS.

Charges for premium SMS range from 55 cents for a competition to more than $6 for items like ringtones and games.

Stating that patient safety was at risk, a district health board has ditched Telecom's problem-plagued XT mobile network.

Since December, that network has failed four times after operating less than a year.

Hospital is now reconsidering its contract worth $1 million with Telecom and about 49 staff members at Hutt Valley DHB have XT phones.

In view of the frequent failures of the XT network, the Shareholder Activist, Bruce Sheppard has expressed a strong disagreement with the $3 million bonus to be bagged by Paul Reynolds, Telecom's CEO.
He has warned to move a motion at the Telecom annual general meeting, in October, to sack the entire board if the bonus amount remains uncut.

The corporate regulator ASIC has revealed that now it will not pursue an appeal against two former OneTel directors.

The Australian Securities and Investments Commission faced a lose in civil case against OneTel's former managing director Jodee Rich and another director Mark Silbermann in November.