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.............................. Optus Communications
Logo and Trademark..............................
SingTel Optus Pty Limited is the second largest telecommunications company in Australia, and is a wholly owned subsidiary of Singapore Telecommunications (ASX: SGT). The company primarily trades under the Optus brand, while maintaining several wholly owned subsidiary brands, such as Virgin Mobile Australia and Boost Mobile in the mobile telephony market, Uecomm in the network services market and Alphawest in the ICT services sector.
To provide services, Optus owns and operates its own network infrastructure, as well as using the services of other network service providers, most notably Telstra Wholesale. It provides services both directly to end users and also acts as a wholesaler to other service providers. Through its OptusNet brand, it provides broadband, wireless and dial-up internet services. The company was formerly known as Cable & Wireless Optus Pty Limited and prior to that, as Optus Communications Pty Limited and Aussat Pty Limited.
Optus reached profitability, and part-owner Cable and Wireless bought out other members of the consortium. The company was renamed Cable and Wireless Optus. Cable and Wireless Optus was later listed on the Australian Stock Exchange. Cable and Wireless Optus was later taken over in a friendly takeover bid by SingTel and is now known as SingTel Optus Pty Ltd.
In the 2003 & 2004 Financial Year, Optus reported a profit of AUD $440 million. This was an improvement of AUD $412 million from the previous year. The company has remained profitable since then. In August 2004 Optus completed a AUD $227 million takeover of UEComm Ltd.In July 2005 Optus announced it would acquire Alphawest Ltd. for AUD $25.9 million. The buyout was completed in November 2005 and Alphawest is now an operating division of Optus Business. On 12 January 2006 Optus acquired the remaining 74.15% of Virgin Mobile Australia for U$22.6 m, giving it 100% ownership.
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