One.Tel payout may hit $50m

Final chapter in One.Tel saga likely to see settlement of as much as $50m.

The final key chapter in the saga of failed 1990s telco One.Tel looks set to play out today with a financial settlement of between $40 million and $50m, which only slightly exceeds estimates of what the liquidation has cost so far.

Interests associated with former directors Lachlan Murdoch and James Packer are understood to be ready to sign off a deal that will pay that amount to creditors of the company, which collapsed in May 2001.

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