Open Telecommunications Ltd. is a defunct software company supplying the telecommunications industry. The company was founded by Wayne Passlow as a private company in North Sydney, Australia. Open Telecommunications provides products and services that collectively deliver a new generation of telecommunications network infrastructure. The Open Telecommunications infrastructure includes switching products, content and services, and management systems.
At its peak, Open Tel (AX:OTT) claimed to serve the five continents with long list of clients including Samsung and LG Electronics in South Korea, telcos in The Netherlands, United States, and Peru. Local customers include: Optus, One.Tel and COMindico (also founded by Wayne Passlow). The company also enjoyed financial and technological backing from the networking giant Cisco Systems.
The junior telco shared the same powerful backers as the defunct One.Tel: James Packer and Lachlan Murdoch. It also suffered the same fate as One.Tel.
However, unlike One.Tel, The telco downfall is more due to unfavourable market rather than mismanagement. The painful crash start in 2000 before finally going into voluntary administration in April 2002, when its shares were trading at five cents.