Hutchison Telecommunications expects to walk away with HK$5.8 billion in profit.
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The court process will be quicker with most of the targeted internet service providers -- including Telstra, Optus, and Vocus -- confirming their intention to not appear in court or contest the application for injunction.
The Australian Federal Court has ordered SoleNet and Sure Telecom to stop trading as a business for the next two years, with their director James Harrison also disqualified from managing corporations for three years.
The telecommunications services provider has reported a 214 percent year-on-year increase in net profit to AU$6.2 million on revenue of AU$106.8 million for the first half of the 2017 financial year.
The Australian Olympic Committee has appealed the Federal Court's dismissal that Telstra contravened the Olympic Insignia Protection Act through its Rio advertising campaign, saying the decision 'diminishes the value of the licence'.
Motorola Solutions has inked a AU$30 million deal with the NSW Telco Authority that will see it provide a network upgrade to improve safety and communications for first responders in the state.