Google hit with $6.9bn EU fine

Original article by Darren Davidson
The Australian – Page: 17 & 19 : 19-Jul-18

Google has been ordered to pay a record fine of EUR4.34bn ($6.9bn) for breaching anti-trust laws in Europe. The case centred on Google’s practice of requiring smartphones that use the Android operating system to be sold with Google’s own apps and services already installed. The European Commissioner for Competition, Margrethe Vestager, says Google has sought to entrench the dominance of its search engine via Android. The European Union had previously fined Google EUR2.42bn in 2017 for giving its own products and services priority in search engine results.

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Start-ups focus for Telstra offshoot

Original article by David Ramli
The Australian Financial Review – Page: 23 : 19-Aug-14

Australian telco Telstra is pursuing a strategy under CEO David Thodey of diversifying into technology start-ups, to prepare itself for the loss of revenue from the traditional telephony business. It has set up the muru-D incubator in Sydney and lifted its stake in US-based online video software provider Ooyala from 23% to 98% for $US270m ($A289m). Both will now be housed in the newly-incorporated Telstra Software Group entity, where the board consists of global enterprise and services group executive Brendon Riley, strategic finance group MD Cynthia Whelan and muru-D co-founder Charlotte Yarkoni

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TELSTRA CORPORATION LIMITED – ASX TLS, TELSTRA SOFTWARE GROUP PTY LTD, MURU-D PTY LTD, OOYALA INCORPORATED, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, SINGTEL INNOV8 PTE LTD, GARTNER GROUP INCORPORATED, WHATSAPP INCORPORATED, SKYPE TECHNOLOGIES SA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION