Dodo rescues Eftel from extinction.

Byline: Paul Smith

Apr 10, 2011 (The Australian Financial Review - ABIX via COMTEX) -- The ClubTelco vehicle of Larry Kestelman and others will acquire struggling listed ISP Eftel, and allocate new capital worth $A2.1m to it. While Kestelman is also CEO of third rival ISP Dodo, he says there are no plans for a backdoor listing on the stock exchange for that group via Eftel. Dodo will hold 75.6% of Eftel, with the latter's existing stockholders having their stake diluted to 24.4%.

Publication Date: 11 April 2011

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