Singtel Optus has suffered a loss of $27 million for the first six months of its 2020-21 financial year, with the telco saying the outcome was the result of what it characterised as a challenging period.

The number of higher speed broadband services in Australia has exceeded 5 million for the first time, jumping from 4.9 million to over 5.2 million last quarter, according to a new report from the Australian Competition and Consumer Commission (ACCC).

ASX-listed Beam Communications has reached an agreement with online retailer Kogan to sell its global messaging device ZOLEO to Australian consumers through the Kogan Marketplace.

The rapid rise in the employment of executives over the last 3 months has paused, falling by 2% in October compared to the prior month, in a reflection of the “uncertain times”, and with hiring of executives in the Information Technology sector falling into negative territory for the month, according to executive search firm EL Consult.

Macquarie Data Centres expects to spend an additional $50 million and to create hundreds of new jobs as a result of a "significant customer win".