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Optus Australia CEO Kelly Bayer Rosmarin resigns after outage

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10 months ago

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Optus, one of Australia’s leading telecommunications companies, has announced the resignation of its CEO, Kelly Bayer Rosmarin, in the wake of a nationwide network outage that disrupted services for millions of customers.

The headline-grabbing incident left Optus users without mobile, internet, and other essential services for several hours, causing widespread frustration.

Bayer Rosmarin, who has been at the helm of Optus since 2019, stated that her decision to step down was made “in the best interest of Optus.”

She expressed regret over the outage and its impact on customers, acknowledging the need for a leadership change to regain customer trust.

The outage, which occurred on [Insert Date], exposed vulnerabilities in Optus’s infrastructure and raised concerns about the company’s ability to provide reliable services in the future.

It also prompted calls for greater investment in network resilience and redundancy.

The company has pledged to work diligently to rectify the issues that led to the outage and enhance its network infrastructure.

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What to expect for IPO markets

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9 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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3 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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