eisa: Brady gagged as lawyers move in

Eisa chief executive Damien Brady says he has been barred from talking with the press.

Brady was recalled from a Queensland holiday on the weekend for consultations with eisa's chairman and lawyers following the appearance of a BRW article.

The story alleged that eisa's attempt to buy OzEmail for $325 million was surreptitiously undercut by UUNet and OzEmail executives, despite the $20 million down payment and promises of cooperation. Eisa is now suing to recover the money. Brady, who was quoted in the article, says he is under a gag order for at least two weeks following legal discussions. "All sides have agreed to refrain from making comments to the press for that period."

Based on what it calls confidential emails and legal letters, the BRW article alleges that some senior OzEmail executives placed obstacles in the way of the deal. Singled out for mention were OzEmail general manager Justin Milne and former UUNet Asia-Pacific chief executive David Spence. A spokesperson for OzEmail declined to comment on the allegations.

The $20 million non-refundable deposit was paid by eisa on February 10 to secure a period of exclusivity during which it was to raise the balance of the purchase price. The deal ultimately collapsed in early June when potential financial backers pulled out.

Since then regional pay TV company Austar United Communications has launched a $25 million takeover bid that values eisa near its current share price of just over 20 cents, or just 7 per cent of its March 10 high point.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Young

PC World
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?