Melbourne's M2 Telecommunications Group has announced $248 million worth of acquisitions, including a $44.1 million bid for Perth-based internet service provider Eftel.
INTERNET service provider Eftel has announced an acquisition deal under which majority ownership of the Perth business will pass to the shareholders of Melbourne-based Club Telco Pty Ltd.
Broadband operator Eftel has announced the company's EBITDA for the second-half of the current financial year is expected to be in the range of $700K to $1M.
EFTel has forecast a loss making December half of over $2 million as it enters into a partnership with internet service provider Dodo to help deliver its BroadbandNext network.
Shares in internet service provider EFTel have been placed in a trading halt pending the release of an update on the company's financial performance in light of the current economic climate.
EFTel has formed a strategic partnership with NEXTEP Broadband, a division of NEC Australia, which will see the Perth-based internet service provider expand its BroadbandNext network by 55 additional sites.
Perth-based internet service provider EFTel Ltd has reported a new half-year revenue record of $18.14 million for the six months to December 2007, 6 per cent higher than the previous corresponding period.
Perth-based internet service provider, EFTel Ltd, has won an interim determination for cost relief from the Australian Competition and Consumer Commission regarding its line sharing access dispute with Telstra Corporation Ltd.
Perth-based internet service provider EFTel Ltd has secured retail distribution of its new wireless Web device, the PocketSurfer2, through Dick Smith Electronics and Tandy.
Perth-based internet service provider EFTel Ltd has announced its third acquisition in four weeks, this time of Queensland-based ISP Instant Communications.
Perth-based internet service provider EFTel Ltd has acquired Queensland-based broadband provider aaNet, almost doubling the company's broadband customer base to around 40,000, and giving the company around 140,000 active accounts overall.