Optus has has slashed 290 jobs as part of an organisational restructure it announced last month. The cuts will be made progressively over the next few weeks.

Optus has announced the shortlist of start-ups selected for the second season of the Optus-Innov8 Seed Program.

Singapore Telecommunications Limited (SingTel), has announced a eight per cent decline in net profit to $S827 million for its third quarter FY2012/13 financial results.

Telco service provider, Optus has announced a four per cent decline in operating revenue, to $2.24 billion, for its 2012 second quarter financial year results, ending September 30.

The Optus-Innov8 seed program has made its inaugural investments in the Australian start-up scene, with the first sets of funding going to 121cast and Venuemob, both of which launched this year.

Singapore Telecommunications (Singtel) has reported its operations in Singapore and Australia have returned an increased revenue of four per cent comapred with Q1 and EBITDA growth quarter-on-quarter of five per cent for Q2 .

Optus, and its Singaporian parent, SingTel, have reported a strong first quarter with three per cent revenue growth on the same quarter in FY2010/11.

Optus and its parent company, SingTel, recently held its 19th Annual General Meeting and with it came the announcement of three retirements by rotation.

A long worn-out road leads to the plot of land where the Optus Sydney Satellite Earth Station resides.

Singtel-owned telco Optus is provide telecommunications and managed networks service to the ANZ bank under a new $500 million, five year contract.