5 things you need to know in Australian tech today

Blocked. (Photo by Jonathan Daniel/Getty Images)

Welcome to Autumn, this is what you need to know in tech today.

1. Optus is looking at introducing network level ad-blocking. Australia’s second largest telco is looking at introducing ad-blocking technology across its network, several well placed sources have told Business Insider.

The telco has engaged in several meetings with Israel-based ad-blocking company Shine, which recently signed a deal with UK carrier Three to implement its software through the network.

The technology allows a telco to block all ads being served to devices on its network. It conceivably gives them the power to strike deals with publishers such as news websites, Google, and Facebook to receive a percentage of their ad revenue in order to have ads displayed to their customers across the network.

2. Also on Optus, the telco is denying 1000 people are losing jobs. A report came out this morning that suggested Optus is looking to shed 1000 jobs across the company to cut costs and cover the costs of its $189 million English Premier League deal. However, they have since.come out and denied the job losses.

“As our business evolves we anticipate we will need to make further changes to the way we organise ourselves to help support our business goals, but we have no specific changes to share right now,” a spokeswoman said.

“Although our priority is to always communicate the details of any changes directly with employees first, Optus does not have plans to make 1000 roles redundant.”

3. Pollenizer is expanding to the Philippines. Announced at their eighth birthday party last night, the Sydney based incubator is expanding to the Phillipines and opening a new office in Melbourne. In the Philippine, they are partnering with Kickstart Ventures and have already started working with Globe Telecom, the biggest telco in the Philippines.

Their new Melbourne office will be led by Tristonne Forbes, founder of 10x Women.

4. PayPal has defended itself for blocking payments to VPN providers. The payments provider’s global boss Dan Schulman said to the Australian that they feel that if there are legal merits, they will take action against, which they did with VPNs and geoblocking service.

“When we block a payment that stops revenues for us, it’s not a thing that we take lightly at all,” Mr Schulman said.

“It impacts us just as much as it impacts on any of the companies. If there are legal merits, we take action; if there aren’t, we don’t.

5. Results season shows that online platform and software as a services companies are the future of the local tech scene. The AFR has a good piece looking at the results of Australia’s bigger technology companies, finding that in an uninspiring half yearly results period, the likes of SEEK and Aconex stood out.

Analysts pointed out that the buy and hold strategy is too risky right now, with investors looking more for short term gains, which is driving down tech share prices.

“The jitters have affected the overall outlook and positivity around tech stocks. But I think some of it is an overreaction to their high valuations … We think 2016 will be a better year for consumer and enterprise tech than 2015. There will be a lot of new products that will excite the market, especially in virtual reality,” Telsyte managing director Foad Fadaghi said.

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