Optus has provided further information on the closure of its Virgin Mobile Australia subsidiary, revealing on Wednesday it will begin the retail store phase-out from June 4, 2018, and will stop upgrading and selling new postpaid mobile and broadband services on June 15. "This decision comes as a result of a strategic review of the Optus and Virgin Mobile brands which was recently conducted ahead of the approaching expiry of the Virgin Mobile brand licence in 2020," the phase-out FAQs explain. Around 200 staffers will be affected as a result of the closure, Optus said, and it will do its "very best" to redeploy existing employees within the Optus business "wherever possible". "For Virgin Mobile employees, our policy is always to talk to those who may be impacted by these changes first. Where customers are concerned, the telco said all customers will be able to continue to use their Virgin Mobile service as normal, and that all current contracts will be honoured. All current Virgin Mobile service teams, as well as My Account and the My Account app, will be available to support customers, too. "As they are already connected to the Optus network, Virgin Mobile customers can continue to use their service in the same way they always have," Optus managing director of Marketing & Product Ben White said. "We have a special transition plan in place to make sure the impact to customers is minimal, and the experience they have during this time is a positive one. Optus has been forced by the Federal Court to pay AU$1.5 million in penalties after misleading its customers about switching over to NBN's HFC network. Telstra has gained an interlocutory injunction against Optus' potentially misleading ads that claim it operates Australia's best mobile network.
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Amazon is preparing to close a Chinese online store that caters to mainland consumers, according to people familiar with the matter. Amazon’s other Chinese operations, such Amazon Web Services, Kindle e-books, and cross-border teams that help ship goods from Chinese merchants to customers abroad, will continue to operate, said the people, who asked not to be identified because the matter is private. Pulling out of Chinese e-commerce represents a significant setback for the company and Chief Executive Officer Jeff Bezos, known for his willingness to weather losses to achieve long-term gains. (amzn, +0.13%)Amazon has struggled to win customers from Alibaba Group Holding and JD.com even after investing in warehouses, data centers, and acquiring online book seller Joyo in 2004. The pullback is the latest sign that Amazon is ceding China so it can focus on India, where it stands a better chance of becoming a dominant player. Amazon didn’t immediately respond to requests for comment. News about the closing of its China store was reported earlier by Reuters.
DAZN Group is set to focus on its streaming service following the merger of its Perform sports content and data vision with U.S. firm STATS. Vista Equity Partners, an investment firm that focuses on enterprise software and data ventures, has helped fund the transaction, for which DAZN will receive a combination of cash and a minority stake in the newly-formed company. It is claimed the combination of STATS’ Artificial Intelligence (AI) capabilities and Perform’s data will create a market-leading sports technology business, creating new experiences for broadcasters, sports organizations and bookmakers. STATS itself acquired ProZone in 2015. “Not only will we be able to improve our offerings to existing customers, we now have the opportunity to expand our presence in global markets where Perform has paved inroads for years as a leader in digital sports content.” “It’s great to welcome a new era for all our content products, B2B partners, and Perform colleagues,” said DAZN Group CEO Simon Denyer. “Over 12 years we created a leading global portfolio of content and clients, but the combination of STATS and Perform takes the service to a new level of potential for everyone. The central appeal of DAZN is its flexibility. It’s a subscription-based model, but this can be paused if you go on holiday – a far cry from the 12 to 18-month contacts imposed by traditional broadcasting giants. It bypasses traditional platforms such as cable and satellite to reach consumers directly on the device of their choice. However, this expansion is an expensive endeavor, with DAZN believed to have invested billions of dollars in sports rights.