M2 closes Eftel offer
M2 Telecommunications has closed its offer to acquire ordinary shares in Eftel, with more than 98 per cent of Eftel shareholders accepting the offer.
M2 Telecommunications has closed its offer to acquire ordinary shares in Eftel, with more than 98 per cent of Eftel shareholders accepting the offer.
M2 Telecommunications has completed its $204 million acquisition of Dodo Australia and will acquire the remaining 5 per cent of Eftel shares for a 100 per cent interest.
M2 Telecommunications will acquire Dodo for $203.9 million and make an off-market takeover offer for Eftel for 35.81 cents per share, implying a total enterprise value of $44.1 million.
The Australian Internet service provider (ISP) market has continued to go through a process of consolidation. Figures released by the Australian Bureau of Statistics in October 2012 revealed that the number of 'medium'-sized ISPs — those with 1000-10,000 customers — dropped 25 per cent in the space of a year. ISPs with more than 100,000 customers dropped from 10 to eight in the same period.
New findings from market research firm, Roy Morgan, have delivered another blow to Vodafone, showing that the telco is now second only to Dodo as worst internet service provider for customer satisfaction.
Budget internet service provider (ISP) Dodo has been fined $26,400 by the competition watchdog for allegedly misleading consumers over advertising for its unlimited broadband plans.
As Dodo takes on iiNet, TPG and Internode in the world of competitive broadband plans, chief executive, Larry Kestelman, talks to <i>Computerworld Australia</i> about the importance of knowing business over technology, and his motivations behind the Australian ISP's vision.
The normally quiet chief executive of challenger ISP, Dodo, has called on the broadband provider sector to make a definite switch to unlimited plans once and for all.
The wholesale arm of Australia's biggest telco Telstra has declined to engage in what it described as a "public battle" with its customer Internode, in the midst of delicate negotiations that are slated to affect Internode's ADSL broadband pricing around the nation.
The mandatory Internet filtering scheme could sway votes against the Rudd Government when the IT industry hits the polling booths at the Federal election.
The communications watchdog has threatened home insulation installers with fines of $2200 if they contact numbers listed on the Do Not Call Register.
Dodo has been ordered to refund customers after charging almost double fees for plans advertised as free.
The largest penalty in the history of the Do Not Call Register has been slapped on discount telco Dodo Australia after its offshore call centres rang de-listed Australian phone numbers.