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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > New Tel Limited
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New Tel Limited |
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PROFILE |
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New Tel has China's growing Internet market in its sights. The company, formerly Transcom International, is switching its focus from communications systems to telecom and Internet services. Through ties with a unit of China's Xinhua News Agency, New Tel has bought subsidiary New Tel Networks, which offers telecom services between Australia and China; the buy will augment New Tel's fixed-line domestic, international long-distance, and mobile telephone services in Australia. The company has also acquired Xinhua's Chinese Internet portal operations and has plans to develop an ISP in China. In addition to its telecom activities, New Tel manufactures mobile data terminals and natural gas fuel injection systems.
COMPETITION |
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AAPT Limited (AAP)
Cable & Wireless Optus Limited (CW)
Telstra Corporation Limited (TLS)
DEALS |
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Deal: New Tel Buys WorldXChange
Date Announced: 05.17.01
Value of transaction (US $Mil): 9
Description: New Tel Limited, an Australian telecom group, acquired WorldXChange, an Australian telecom service provider.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 6.80
1-Yr. Sales Growth: 106.1%
Employees: 94
Revenue per employee: $72,340.43
KEY PEOPLE |
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Peter F. Malone
CEO
CONTACT INFO |
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22 Hasler Rd.
Herdsman Western Australia 6017, Australia
Phone: 61-8-9244-1166
Fax: 61-8-9244-1175
Online: Web Site
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