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Dodo shareholders buy into listed ISP Eftel, mobile content minnow raises $50m

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. […]
James Thomson
James Thomson

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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