DFT datafast telecommunications limited

Datafast Telecommunications LimitedA.C.N. 073 238 178Level 8,...

  1. 37,286 Posts.
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    Datafast Telecommunications Limited
    A.C.N. 073 238 178
    Level 8, QV1 Building
    250 St Georges Terrace
    Perth WA 6000
    Ph: (08) 9420 9999
    Fax: (08) 9481 4777
    Major ISP Acquisition
    12 November 2003
    Datafast Telecommunication Ltd (ASX Code: DFT) has entered into an agreement to acquire Key
    Point Pty Ltd.
    The addition of the 25,000 plus customer ISP gives Datafast over 85,000 active accounts, catapulting
    it into the ranks of Australia’s Top 10 Internet Service Providers.
    The deal, which incorporates cash, shares and options, will be presented for shareholder approval at
    the Annual General Meeting to be held on 23 December 2003. Datafast has received the appropriate
    approvals to extend its AGM to this date.
    Chief Executive Officer Simon Ehrenfeld said today that substantial synergies would be delivered
    through the merging of the operations of both companies.
    “The EFTel acquisition has already delivered significant financial benefits and the Key Point
    acquisition is a further boost. We will have trebled the retail customer base within a 12 month period
    once the acquisition is completed.”
    Upon approval of the deal, existing Datafast shareholders will receive a free option, exercisable at 3
    cents, for every 10 shares they hold.
    Enquiries
    Chief Executive Officer
    08 9420 9999
    might be worth keeping an eye on..
    noticed that they have now made two acquisitions..

    regards
    seek pro advise
 
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Currently unlisted public company.

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