offer for snn now unconditional, page-2

The ann keep coming.
CommodiTel Limited Sonnet Corporation Limited
ABN: 30 000 386 685 ABN: 52 009 239 285
www.commoditel.com.au www.sonnetcorp.com
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ASX Release
5 July 2007
CS Mobile completes acquisition of AAPT’s
stand-alone post paid mobile customer base
CS Mobile Pty Ltd, a 50:50 Joint Venture between CommodiTel Limited (ASX: CMO)
and Sonnet Corporation Limited (ASX: SNN), announced today that it has
successfully concluded the acquisition of AAPT’s stand-alone post paid mobile
customer base.
Following AAPT board ratification of the Sale Agreement, the AAPT stand-alone post
paid mobile customer base will be transferred to CS Mobile effective 1 July 2007 for
an undisclosed consideration. The acquisition brings with it significant revenues of
approximately $10 million per annum.
The AAPT stand-alone post paid customer base comprises around 34,000 post paid
mobile customers and will continue to be supported by the Vodafone Network.
As previously announced, CommodiTel has received more than 90% acceptances for
its friendly takeover offer for Sonnet and has resolved to proceed with compulsory
acquisition of outstanding Sonnet shares. Once the takeover is complete, and under
the terms of the joint venture agreement between CommodiTel and Sonnet, CS
Mobile will become a 100% owned subsidiary of CommodiTel.
At completion of the Sonnet takeover, CommodiTel will have over 140,000 pre and
post paid customers (inclusive of the AAPT stand-alone post paid customers).
To facilitate the purchase of the AAPT stand-alone post paid customer base,
CommodiTel has secured a bridging finance facility arranged through Argonaut
Capital Limited.