Posts Tagged ‘Telcommunications’

ASX Company News: My Net Fone To Acquire Symbio

Wednesday, August 31st, 2011

The Board of My Net Fone Limited (MNF) is very pleased to announce that Heads of Agreement have been reached and signed to acquire the Symbio Group of companies. Symbio is an international telecommunication services provider based in Sydney, Australia. The purchase consideration is based on 4 times net earnings, with an initial $2M payment upon completion of the purchase process and the balance to be payable according to forecast achievement in two tranches, at the end of 2012 and 2013 financial years. Symbio provides tailored IP voice carriage and solutions to its Australian and international customer base. It has enjoyed impressive success in the Asia Pacific region and is aiming to capitalise on its unique abilities in Asia through its operation “Symbio Wholesale” in Singapore. My Net Fone has worked closely with Symbio for many years on both product development and delivery of VoIP services. This acquisition will strengthen My Net Fone’s continued product innovation, deliver significant cost savings in service delivery, and provide a solid path to international growth.

My Net Fone is Australia’s leading provider of fully IP based VoIP, data and video services to residential and business enterprise customers. The company is renowned for providing cost effective, innovative solutions and services with high quality, true flexibility and convenience to its customers. Since its inception, the company has won numerous awards including Sydney City Business Awards, Deloitte Technology Fast 50 and Deloitte Technology Fast 500 Asia Pacific 2009, PC User, Money Magazine and many others.  Symbio is a provider of wholesale and hosted white‐label VoIP and IP services with operations in Australia, New Zealand and Singapore. Symbio operates one of the largest pure VoIP carrier grade networks in the Asia‐Pacific region, carrying over 1.5 Billion minutes of VoIP traffic annually.

www.mynetfone.com.au

http://www.traderdealer.com.au/fundamentals/mnf

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Eftel Acquires Rabbit Internet

Sunday, November 28th, 2010

Eftel Ltd (EFT) announced the acquisition of Melbourne-based retail ISP Rabbit Internet. Rabbit adds over 1500 active Internet and telephony accounts.

CEO John Lane commented, “Eftel has traditionally grown strongly by acquiring ISPs, and is now seeking renewed inorganic growth. These smaller customer bases can be added with very little incremental cost, making them very beneficial to the company. “The network team has recently completed a major renewal and virtualisation programme of the core server infrastructure, giving us the necessary resources to grow more efficiently.” The purchase is immediately earnings accretive. Eftel is seeking further similar opportunities and is presently reviewing other potential acquisition targets. “In an intensely competitive environment there is a minimum scale which is absolutely necessary to remain profitable. Hopefully we can continue to provide an exit opportunity for the smaller players, realizing some value for all of their hard work and also delivering value for Eftel shareholders,” Mr. Lane explained.

Eftel Ltd is a multiple award winning Internet and telecommunications provider. Through ownership and partnership it operates the BroadbandNext network, Australia’s sixth largest broadband footprint. Eftel has offices in Perth and Melbourne and operates a state-of-the-art Business Processing Centre located at Cyberjaya in the heart of Kuala Lumpur’s Multimedia Super Corridor. Eftel operates wholesale, retail and corporate divisions that utilise these resources. Eftel Corporate is among Australia’s most reliable ISPs, offering tailored solutions to business and government clients throughout Australia. It is a preferred supplier to the Victorian Government. Eftel Retail is a Top 10 Internet Service Provider offering a full suite of consumer Internet products. Its dedicated broadband service aaNet is one of Australia’s most popular ADSL providers. Eftel Wholesale services a quarter of Australia’s ISPs with a range of services including IP, co-location, dialup ports and DSL Broadband.

www.eftel.com.au

http://www.traderdealer.com.au/Fundamentals/eft

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Medic Vision To Acquire MConnect

Tuesday, August 17th, 2010

Medic Vision Limited (MVH), soon to be renamed Media3Corp, has signed a heads of agreement to purchase MConnect Pty Ltd, an international mobile marketing and content distribution company (target company). The target company has a global presence and contracts with mobile carriers around the globe for the distribution of mobile content. The target company will utilize its growing network of mobile carrier and advertising partners to grow its mobile marketing division, allowing its customers unparalleled access to distribute their own message and products/services across the world’s fastest growing advertising medium – Mobile.

Chairman of MVH, Jitto Arulampalam, said today “This strategic acquisition will further complement the Company’s already successful media and marketing subsidiary, cBox Pty Ltd and will allow for exponential growth of leading, cutting edge digital technology.” The target company has developed a range of technological solutions that will prove to be an invaluable resource to businesses looking to target mobile users with their message or products. The target company provides a fully managed or self service mobile marketing platform solution, allowing easy set up and management of multiple mobile marketing campaigns across different countries, mobile operating systems and carriers. “The target company’s notable advanced technology solutions and already established solid distribution network in the global market will accelerate the dynamic growth and ever-growing need for effective digital marketing solutions in the Australian and International business markets” Mr Arulampalam said. The target company has a strong profit history. EBITDA for the 2010 financial year was approximately $1.8 million and the forecast EBITDA for this financial year is between $2- $3 million.

Due to contractual sensitivities MVH and the target company have agreed that terms of the acquisition will remain confidential until completion of due diligence (approximately 4 weeks).   However, MVH can confirm that the total consideration for the acquisition is $8 million payable by $3 million cash and 100 million shares at an issue price of $0.05 per share. The vendors will also receive 10 million options at an exercise price of $0.20 per option. The acquisition is subject to a number of condition precedents, including ASX and shareholder approval pursuant to the Listing Rules and the Corporations Act. Further details regarding the terms of the acquisition will be released in due course.

www.medicvision.com.au

http://www.traderdealer.com.au/Fundamentals/mvh

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: eServGlobal Increases Revenue From Soccer World Cup

Monday, August 16th, 2010

eServGlobal Limited (ESV), a global telecoms software vendor specializing in Mobile Money and Value-Added Services (VAS), reported increased revenue for its FlexiContent customers.

FlexiContent, available through over a dozen operators during the 2010 soccer world cup in South Africa, allows operators to quickly capitalize on subscriber needs during popular events by providing the much sought-after information and entertainment tools.

Including Games & Information Services, FlexiContent allowed subscribers to use Premium SMS to access world cup match progress reports and results in REALTIME. FlexiContent also includes a variety of games, such as instant lottery and betting services, where subscribers play for airtime rewards or gifts.  Revenue is created through customers’ Premium SMS transactions. More than 250,000 subscribers registered for FlexiContent services during the ‘world cup’ month alone, creating an additional revenue source for operators, leading to higher ARPU for all of eServGlobal’s clients using FlexiContent. One operator in particular, registered exceptional subscriber interest, with more than 10% of its total customer base signing-up for FlexiContent services.

“After launching FlexiContent only four months before the world cup, we are extremely proud of its immediate success”, said COO of eServGlobal, Craig Halliday. “We are confident that its revenue-share model, quick time-to-market and immediate returns will continue to impress operators looking for a way to create higher ARPU while increasing customer satisfaction at the same time.”

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Telco Service Providers increase their revenue and gain and maintain customer ownership.  eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 60 customers in over 45 countries. For 24 years, mobile, fixed, Internet and multiplay telco providers have used our capabilities to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships.

www.eservglobal.com

http://www.traderdealer.com.au/Fundamentals/esv

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: iiNet Acquires AAPT Consumer Division From Telecom NZ

Saturday, July 31st, 2010

iiNet Limited ( IIN) is pleased to announce that it has entered into a binding agreement, subject to iiNet shareholder approval, to acquire the AAPT Consumer Division from Telecom New Zealand (TEL). This has been accompanied by the completion of an underwritten block-trade to institutional and sophisticated investors of Telecom New Zealand’s (TNZ) 18.2% shareholding in iiNet.   iiNet’s Chief Executive Officer, Michael Malone said the acquisition strengthens the company’s position as the clear leading challenger brand in the Australian telecommunications market.

Acquisition of approximately 113,000 broadband subscribers and over 251,000 other active services to bring iiNet’s broadband subscribers to more than 652,000 and total active services to more than 1,326,000;  EPS accretive in FY11;  Expected post-synergies EBITDA of $20m in first full year after acquisition in addition to the $10m EBITDA expected contribution from Netspace in FY11;  $60m acquisition price represents 3x expected post-synergies EBITDA multiple;  Approximately 25,000 subscribers expected to be migrated to iiNet’s network;  Consistent with iiNet’s strategy to grow through consolidation;  Extension of the existing Wholesale Agreement with AAPT;  Acquisition to be 100% cash and debt funded, avoiding shareholder dilution; and  Comfortable debt profile post acquisition.

Mr. Malone said that while it had only been a short time since the acquisition of Netspace, the AAPT Consumer Division represents a unique opportunity to acquire a subscriber base of scale in an increasingly consolidated market and to strengthen the five year old Alliance Agreement with PowerTel, now the wholesale division of AAPT.  Synergies are expected to be achieved from a rationalisation of marketing expenditure, on-net migration and cost rationalisation. The AAPT brand will not be acquired. Additional value will be derived through applying iiNet’s strong brand and quality customer service to drive customer retention.

www.iinet.net.au

http://www.traderdealer.com.au/Fundamentals/iin

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Transfield Services Secures National Broadband Network Contract

Thursday, July 15th, 2010

Transfield Services (TSE) has secured work in the initial phase of the National Broadband Network rollout programme to construct one of the first release sites, marking the beginning of the construction of Australia’s high speed fibre optic network. This follows input into the design process carried out by Transfield Services earlier this year. The Company will construct the fibre network in the coastal communities of Minnamurra and Kiama Downs south of Wollongong, which will bring high speed broadband connections to 2,600 households.

Transfield Services’ Managing Director and CEO, Peter Goode said, “This is an exciting opportunity to be part of what is set to be one of Australia’s most significant infrastructure projects ever undertaken.  Our extensive experience in the end-to-end delivery of services to substantial infrastructure assets and specific expertise in the design, construction and maintenance of telecommunications network assets continues to position us well to benefit from ongoing investment in infrastructure.”

The work will commence during the second half of the current calendar year. The Company has existing long-term contracts with incumbent telecommunication providers including a 10 year NZ$1 billion contract with Chorus New Zealand. The successful securing of this contract sustains Transfield Services’ disciplined approach to building a strong order book of long-term contracts, delivering consistency of earnings, generating solid and reliable returns. Transfield Services provides more than 80 per cent of its services under secure, long-term asset management contracts and its overall client retention rate exceeds 95 per cent. The Company has a robust pipeline of work developing in power, defence, transport and social infrastructure, providing continuing diversification for the business.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/Fundamentals/tse

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

Intermoco Contract Increases By Five Times

Wednesday, March 3rd, 2010

Utilities management provider, Intermoco Limited (INT), today announced it has secured an extension to the contract with national property developer, Hickory Developments Pty Ltd . The variation to the contract now includes the additional supply and installation of telephony and data related equipment for a large Melbourne based property development. Under the revised terms, the contract value has been increased from approximately $75,000 to $427,000 and Intermoco expects to invoice Hickory for the full amount by the end of the current quarter. The supply and installation of the telephony and data equipment for Hickory forms part of Intermoco’s Embedded Network System which is an integrated utility management platform allowing tenants of residential developments to access utilities, including water, electricity, voice communication and data services from the one service provider.

www.intermoco.com

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Amcom Telecommunications Secures NT Government Contract

Tuesday, February 9th, 2010

Amcom Pty Ltd, a wholly owned subsidiary of Amcom Telecommunications Limited (AMM), has executed an agreement to provide high-speed fibre based telecommunications services to the Northern Territory Government (NTG). The agreement with the NTG will involve Amcom extending its existing fibre networks in both Darwin and Alice Springs to provide data carriage services to government agencies and schools. The initial contract value is for $20 million over 5 years. Amcom will establish an office in Darwin to service the Northern Territory business and pursue further commercial opportunities.

“We are delighted to be awarded this tender from the Northern Territory Government as it reinforces Amcom’s growth strategy and our position as a leading provider in high-speed fibre based telecommunications”, said Amcom CEO Clive Stein. “This is a beachhead contract of significant value and provides us with expanded infrastructure and scale to capture further organic opportunities in Darwin and Alice Springs”, said Mr Stein. “The additional fibre optic infrastructure to be installed in Darwin and Alice Springs will enable us to leverage other commercial opportunities and introduce new data products for business customers, who to date have had limited access to high-speed fibre services”, said Mr Stein.

The expansion of Amcom’s existing Darwin infrastructure will commence this month with Diamond  Communications, a subsidiary of Ausdrill being appointed as lead contractor for the project. Amcom and Diamond have an established relationship that successfully delivered the SABRENet project in South Australia on time and on budget. It is estimated that the capital expenditure for Amcom will be in the order of $10 million and is expected to be completed by September 2010.

www.amcom.com.au

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Connxion Ventures Acquires Sonnet

Wednesday, September 9th, 2009

Connxion Ventures Ltd (CXN),announces today that it has signed a binding term sheet to acquire Sonnet Corporation Limited from Sonnet Corporation PLC. This acquisition helps build out our operating platform, industry solutions and scale. The acquisition of Sonnet is accretive and will significantly increase the current revenue of the Connxion Data business, the integration of both groups will lead to significant synergies and overhead reductions.

David McCann, Managing Director of Connxion Ventures (CXN), stated that the synergies between Connxion Data and Sonnet go far beyond the obvious cost savings, they extend into improved offering of products and services to a broader range of clients, while improving its existing offerings to our existing clients. According to Mr. McCann the Sonnet acquisition is an important step in ensuring that right management, right resources and right infrastructure are in place, as Connxion Ventures prepares for its quarter 2 plan of growth in revenue, geographical spread and profit.

Purchase price is based on a multiple of 5.125 the audited EBITDA figure for 30th June 2009. The purchase price will be paid in the form of CXN ordinary shares to be issued at 4.1 cents per share. Based on the estimated EBITDA at 30 June 2009, the company will issue approximately 68.25 million new shares in payment of the purchase price.

Connxion Ventures Limited (CXN) investing in data service, data networks and transaction solutions across Asia, China and Australia. Sonnet specialises in integrated Software as a Service delivery platforms and Business processing. Its top 5 clients are Jetstar, IBM, People Telecom and BNP Paribas.

www.cxnventures.com

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Pipe Networks Transmits First Light to Guam

Tuesday, August 25th, 2009

PIPE Networks Limited (PWK) subsidiary, PIPE International (Australia) Pty Ltd today announces a major milestone in the development of its PPC-1 submarine cable linking Sydney with Guam. At 13:45 Sunday, 23 August 2009, ‘first light’ was successfully transmitted and received across the fibre optic PPC-1 submarine cable system between Sydney and Guam.

Bevan Slattery, CEO of PIPE Networks said that this major PPC-1 milestone represented many positive things for the Company and the PIPE International team specifically. “On its basic level, the passing of first light represents the physical completion of the PPC-1 system and the commencement of the testing phase in the development program.”

“It also confirms that we have persevered through some of the most difficult of circumstances, including the global financial crisis, and achieved something that many said could never be done and will never be done” Mr Slattery said. “This milestone has only been possible with the vision and support of our cornerstone customers including Telikom PNG, iiNet and Internode and the dedication and commitment of the PIPE International team and Tyco Telecommunications”, he said.

“We now have staff in Sydney, Guam, Papua New Guinea, Tokyo and San Jose establishing PoPs and preparing for the testing of the greater network. It’s now a race to the finish these final works in the lead up to the official launch of PPC-1 on the 8th October, 2009”, Mr Slattery said.

www.pipenetworks.com

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

« Older Entries