One.Tel directors launch new telco

Two former directors of failed telco One.Tel have announced plans to launch a new cut-price phone company named TeleOne.

Mark Silbermann and Kevin Beck said last night that TeleOne had signed agreements for the provision of fixed wire telephony services with major operators.

Some former One.Tel staff who lost their jobs nine months ago when the company collapsed may be re-employed at TeleOne, Silbermann said.

He said one of the main objectives of TeleOne was to re-employ key One.Tel staff.

TeleOne is due to be launched in April.

The Australian Securities and Investment Commission (ASIC) is reportedly trying to have both Silbermann and former One.Tel boss Jodee Rich disqualified from being directors or managers of any Australian company.

But Beck said he had confidence in the new venture.

He said TeleOne would avoid the major costs associated with other start-ups in the telecommunications sector, through signing aggressive wholesale agreements to compete with Telstra in interstate and overseas calls.

Silbermann said further details of the company's staff plans would remain confidential at this stage but would become clear closer to the launch date for the company.

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