Something funny in Comindico fate. (The Age)

To date I haven’t highlighted any articles on Comindico going into Administration and then Receivership because there hasn’t been any which I would consider to be quality journalism. The one linked above is a little different in that it has a more in depth look at what lead to Comindico being in the position its in, and also asks a few interesting questions. From the article:

“The only questions are whether Paul O’Sullivan at Optus can afford to let Telstra do this, whether Comindico’s biggest customer, Larry Kestelman’s Dodo, will raise a paddle at the auction, and whether Mike Robinson and Nick Kotzhambos come back for more.

Actually they’re not the only questions. There’s also: why did Cisco agree to suspend its debt and then change its mind, and why did Comindico and JPMorgan take 18 months to raise the other $27.5 million and meet Cisco’s terms?“

I suspect the answers to some of the above will never be revealed, but it will be interesting to see who ends up buying Comindico in the coming weeks or months, and what if any impact that will have on the local telco industry.