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Good morning,

Vodafone owner TPG has accused Telstra of overstating its mobile coverage claim by about one million square kilometres – an area about the size of NSW, ACT and Victoria combined – saying its bigger rival has “tricked Australians into paying top dollar" for more than a decade. 

Meanwhile, EnergyAustralia has reached an out-of-court settlement with a climate advocacy group to resolve a high-profile greenwashing case that alleged the country's third largest energy retailer misled more than 400,000 customers through its now-defunct “Go Neutral” ­product.

And fast-talking Wall Street hedge fund manager and former Trump communications director Anthony Scaramucci tells it as he sees it, whether it's about his former boss's wife, bitcoin or Elon Musk. Read associate editor Eric Johnston's interview with "The Mooch", who'll be headlining a major Australian investment conference later this year.


Vesna Poljak
Business editor
The markets


Making news this morning
1
Private credit market where our growth is, says Westpac
The growing financial market of private credit offers Westpac an area of growth while ­at the same time distributing risk, says its institutional bank chief.
2
US credit rating downgrade to drag on ASX opening
Moody’s decision to strip the US of its triple-A credit rating is a red flag for local investors but it’s the Reserve Bank’s rates discussion which is weighing on many.
3
Shorting fundies unconvinced by Australia’s data centre boom
Australia is among the hottest data centre markets globally but the hype hasn’t convinced a significant number of funds managers which have shorted big-name stocks.
Editor's picks
LEADERSHIP
The friendship putting light and wonder into the gaming industry
Light & Wonder has had a meteoric rise under the stewardship of Jamie Odell and Toni Korsanos, which they attribute to their long friendship and mutual support in times of personal crisis.
By DAMON KITNEY
IPOS
Freedman turns up volume for a listing
The mercurial boss behind Rode is by no means a conventional businessman, but recent acquisitions in the US are paving the way to the bourse.
By JOSEPH CARBONE
DataRoom
ANZ’s new boss to assess Kiwi focus during trans-Tasman visit
ANZ boss Nuno Matos heads to New Zealand this week, likely prompting questions on what he will make of the bank’s future there.
Czech cheque may target Coronado’s cheap debt
Czech group Sev.en may opt to ­secure control of cash-strapped Coronado Global Resources by acquiring its debt on the cheap.
Keen suitors rebuffed by Ord Minnett
The sale of Perpetual’s wealth unit has prompted industry groups to examine its competitors and Ord Minnett is one that has some appeal.

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