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News

• Optus launches first commercial laser-based satellite network

  The world’s first commercial laser-based satellite network is underway following a joint venture with Optus and UK-based company, Laser Light Global Ltd.

• GoConnect, partner buy Chinese venture

  GoConnect (ASX:GCN) and partner Priority One will each buy 40% of Shanghai Reliance, and use the venture to pursue a loyalty rewards program in China

• GoConnect signs terms for new JV

  IPTV company GoConnect (ASX:GCN) and Melbourne-based Priority One Network Group have reached agreement on terms of an online transaction services JV

• Australia China Holdings to enter clean energy JV

  Australia China Holdings (ASX:AAK) will take a 45% stake in a joint venture to commercialise clean energy - including natural gas - technologies in China

• My ATM forges JV with coffee franchise

  ATM distributor My ATM (ASX:MYA) has entered a joint venture with Muzz Buzz Franchising to roll out branded ATMs at drive-through coffee stores

• Foster's rejects takeover offer from SABMiller

  Shares in Foster's Group (ASX:FGL) grew over 13% on Tuesday, after it rejected a $4.90 per share takeover offer from SABMiller on the grounds it undervalues the company

• AdEffective to form JV with US-based Affinity

  Online advertising company AdEffective (ASX:ABN) will combine its Footar ad platform with Affinity's InFooter platform through a new joint venture

• Island Sky enters new joint venture

  Island Sky Australia (ASX:ISK) and Featherlite Industries have formed a new joint venture to commercialise self-replenishing emergency water containers

• DataDot tech selected by new joint venture

  Shares in DataDot (ASX:DDT) climbed over 17% after it revealed its DataTraceDNA product will be used by a JV to develop anti-counterfeiting threads

• ECT walks from JV with Tincom

  Environmental Clean Technologies (ASX:ESI) has let a joint venture deal with Tincom lapse, citing the “unacceptably slow” progress of the coal treatment project

• Car dealers, News Ltd to form online car ad JV

  Car dealers including Automotive Holdings (ASX:AHE), APE Eagers (ASX:APE) and Trivett Classic are finalising plans for an online car listing JV with News Ltd

• GoConnect forms Asian-language IPTV joint venture

  IPTV company GoConnect (ASX:GCN) and Victoria-based ISP Netbay Internet have announced a 50-50 joint venture devoted to distributing Asian language IPTV programming

• Telecom sells its stake in Yahoo JV

  Telecom NZ (ASX:TEL) has sold its 49% stake in its Yahoo!Xtra joint venture to co-owner Yahoo!7, a JV between Yahoo and Seven Group (ASX:SVW)

• MobileActive wins deal with MCN joint venture

  Mobile phone content and marketing company MobileActive (ASX:MBA) has won a deal to provide its ad serving technology for Multi Channel Network

• Bluglass JV to build R&D and demonstration site

  Bluglass (ASX:BLG) and JV partner SPP Process Technology Systems will establish a new research and demonstration facility in the UK for Bluglass' RPCVD technology