Optus Business has revealed plans to expand its portfolio of Cloud computing and enterprise mobility offerings.

Online movie rental service Quickflix (ASX:QFX) has arranged to offer its streaming service on Samsung devices, including internet-enabled TVs and Blu-ray players.

eServGlobal (ASX:ESV) said its HomeSend international funds transfer hub has made inroads into the Philippines, through an arrangement with mobile telco Smart

Enterprise communications solutions provider Datasquirt (ASX:DSQ) narrowed its net loss 51% to NZ$599,000 ($519,000).

Network encryption hardware developer Senetas (ASX:SEN) swung to a $5.6 million net loss in FY11, as economic woes and project delays ate into revenue.

Satellite company NewSat (ASX:NWT) has reported a $300,000 profit for FY11, from 15 per cent higher revenue of $28.8 million.

Serviced and virtual office company Servcorp (ASX:SRV) grew its FY11 profit 24 per cent, and has forecast further growth in the year ahead.

Fixed WiMax operator BigAir (ASX:BGL) reported near-flat profit for FY11, as acquisition and restructuring costs balanced out strong gains in underlying ebitda.

Credit ratings agency Standard & Poor's has kept Telecom NZ (ASX:TEL) on its CreditWatch list for a possible downgrade, due to the implications of the Chorus demerger.

Broadband product developer NetComm (ASX:NTC) has chosen Sequans Communications S.A. to provide the chipsets it will use in its NBN TD-LTE devices.

Engineering services company Downer EDI (ASX:DOW) has contracted Hewlett-Packard to overhaul its IT infrastructure.

Shares in Codan Limited (ASX:CDA) surged 10.5% on Wednesday, after the company announced record profit for FY11.

Satellite company NewSat (ASX:NWT) has signed a deal worth up to $US114 million ($110.44 million) to provide capacity on its upcoming Jabiru-1 satellite.

IT service provider Oakton (ASX:OKN) has reported a 35% slump in FY11 profit, due to litigation costs and a worse than expected showing at its Victorian business.

IT and telecom service provider Anittel (ASX:AYG) has increased the forecast for its FY11 ebitda loss by close to $1 million.