The shareholders and directors of second-tier telco Dodo will emerge as major shareholders of listed ISP Eftel after striking a deal to merge their business ClubTelco with the listed minnow.
ClubTelco is a separate business to Dodo, but was started by Dodo chief Larry Kestelman and is owned by the shareholders and directors of Dodo.
Unlike Dodo, which concentrates on the low-end consumer sector of Australia’s ISP market, ClubTelco and Eftel aim at the premium end, with a particular focus on corporate and government clients.
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James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.
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