Wikipedia
COMindico was an Australian IP telecommunications carrier. It started as IPTel in 2000 by Wayne Passlow with the backing of AGL, AMP, JPMorganChase, James Packer (CPH) and Lachlan Murdoch (Queensland Press).
COMindico built a 100% Cisco-powered IP/MPLS network with SS7 interconnects to Telstra from its 66 POPs situated in each of Telstra's call collection zones, allowing VoIP and internet access to over 97% of Australians. It was the largest rollout of Cisco's MGCP technology in the world at the time.
In late 2001 the company had spent most of its initial funding and the business model was not delivering to initial investor expectations. In Early 2002 The Board replaced a number of the senior management and appointed John Stuckey as CEO, with a mandate to repurpose the business model.
In mid-2004, SP Telemedia (now Soul Australia) acquired COMindico. In April 2008 TPG acquired Soul Australia in a reverse takeover.