Commander Australia is an Australian telecommunications company formed from a spin-off of Telstra Corporation. At one point in its history it boasted revenues of over A$1 billion. In 2006 Commander embarked on an ambitious Franchising scheme, setting up a pilot “Commander Center” franchise in Tasmania. Over 30 “Commander Centre” franchises were sold Australia-wide until toward the end of 2007 when the franchise model started showing some viability issues. On Friday, 8 August 2008, the company announced to its investors and 1300 staff that it was placed under administrative receivership, owing $360 million to Westpac, Commonwealth and ANZ.
Read more about Commander Australia: Share Price, Sale To M2 Telecommunications, External Links
Famous quotes containing the words commander and/or australia:
“Every commander is alone.”
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“I like Australia less and less. The hateful newness, the democratic conceit, every man a little pope of perfection.”
—D.H. (David Herbert)