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Listed Techs EFTel engulfs Concept
Listed Techs EFTel engulfs Concept | EFTel engulfs Concept |
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| by Stephen Withers | |
| Monday, 08 September 2008 | |
  
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The Malaysian facilities are located in Cyberjava, part of Malaysia's Multimedia Super Corridor, and carry corporate tax free status. "The facilities, which provide both dedicated and shared outsourcing solutions, use the latest in IP technologies to deliver seamless integrated services to the Australian Internet and telecommunications services industry. We were so impressed we bought the company," said EFTel CEO Simon Ehrenfeld. He described EFTel and Concept as "as natural fit." The deal is worth approximately $A6.8 million, comprising 8.35 million EFTel shares and a deferred cash component of $A965,000. Concept's revenue exceeds $4 million per year, and around one-quarter of that comes from EFTel. |
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