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Optus Australia CEO Kelly Bayer Rosmarin resigns after outage

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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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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Money

Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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