){kind=small} | |
| Type | Private Company (Defunct) |
|---|---|
| Industry | Telecommunications |
| Founded | 2000 purchased in 2004 by SPT. |
| Headquarters | Sydney, Australia (headquarters) |
| Products | Telephone, Internet Access |
| Website | www.comindico.com.au |
COMindico was an Australian IP telecommunications carrier. It started as IPTel in 2000 by Wayne Passlow with the backing of AGL, AMP, JPMorganChase, James Packer (CPH) and Lachlan Murdoch (Queensland Press). The COMindico name came from the latin Indico coupled with COM to represent communications.
COMindico built a 100% Cisco-powered IP/MPLS network with SS7 interconnects to Telstra from its 66 POPs situated in each of Telstra's call collection zones, allowing VoIP and internet access to over 97% of Australians.[1] It was the largest rollout of Cisco's MGCP technology in the world at the time.
The business was started as wholesale only and then included selling directly to corporates.
In late 2001 the company had spent most of its initial funding and the business model was not delivering to initial investor expectations. In early 2002 The Board replaced a number of the senior management and appointed John Stuckey as CEO, with a mandate to repurpose the business model.
In mid-2004 Cisco (the largest creditor) placed the business into receivership.[2]
In mid-2004, SP Telemedia (now Soul Australia) acquired COMindico. In April 2008 TPG acquired Soul Australia in a reverse takeover.
References
- ^ "The Future Of Telecommunications" (PDF). 2004-01-01. Archived from the original (PDF) on 2005-06-15. Retrieved 2008-09-06.
- ^ "Cisco pulls plug on Comindico - Business - www.theage.com.au". fddp.theage.com.au. Retrieved 2017-11-09.