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Interactive Telecoms to enter liquidation after Telstra commission wrangle – ARNnet

Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August.

The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller.

The New South Wales-based company entered into voluntary administration on 2 August and ceased trading on 4 August, immediately after Telstra terminated its licensing agreement with the company.

According to Purchas, investigations into the companys failure are ongoing, but it is unlikely that unsecured creditors will …

Read the full article at: https://www.arnnet.com.au/article/626945/interactive-telecoms-enter-liquidation-after-telstra-commission-wrangle/

Category: LiquidationBy Insolvency GuardianSeptember 6, 2017

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Interactive Telecoms to enter liquidation after Telstra commission wrangle – ARNnet

Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August.

The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller.

The New South Wales-based company entered into voluntary administration on 2 August and ceased trading on 4 August, immediately after Telstra terminated its licensing agreement with the company.

According to Purchas, investigations into the companys failure are ongoing, but it is unlikely that unsecured creditors will …

Read the full article at: https://www.arnnet.com.au/article/626945/interactive-telecoms-enter-liquidation-after-telstra-commission-wrangle/?fp=2&fpid=1

Category: LiquidationBy Insolvency GuardianSeptember 6, 2017

Post navigation

PreviousPrevious post:Ostwald Bros’ $61m debt could rise after creditors meeting – Toowoomba ChronicleNextNext post:Toys ‘R’ Us Seeks Help With Its Debt – Wall Street Journal (subscription)

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May 31, 2025
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May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
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