Bright Telecommunications to be sold.

14/12/06
Victorian telco Silk Telecom is set to buy Western Power's telecommunications arm, Bright Telecommunications.
Energy Minister Francis Logan has approved the sale after a comprehensive process that began in July.
"The sale brings Western Power's expensive experiment into the telecommunications market to an end," Mr Logan said.
"This was never part of Western Power's core business and there was little merit in retaining the company. I am pleased to have brought it to an end."
Western Power chief financial officer Malcolm Peacock said the sale would allow Western Power to concentrate fully on its core business - to deliver reliable electricity to the people of Western Australia.
Mr Peacock said the sale would also allow Bright Telecommunications to grow in the hands of a dedicated and experienced telecommunications operator.
Silk Telecom was formed in 2005 and operated an extensive telecommunications network, next-generation data services and an optical fibre network with infrastructure throughout the Eastern States.
The company has indicated that all Bright Telecommunications staff would be transferred to positions with Silk.
Minister's office - 9222 8950