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Telecommunications Broad Investments offloads Shiftreload
Telecommunications Broad Investments offloads Shiftreload | Broad Investments offloads Shiftreload |
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| by Stuart Corner | |
| Monday, 25 September 2006 | |
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After Shiftreload was mentioned in another, unrelated press release and described simply as an "Australian owned company" iTWire queried the company on its relationship with Broad Investments. Amber Anderson told iTWire that ShiftReload was no longer part of Broad Investments "due to a company restructure". She said: "Shiftreload is once again a privately owned company," but gave no other details. Broad Investments announced on September 9 that it was abandoning its VoIP ambitions to focus on its mobile applications subsidiaries and last week it sold all its VoIP customers, about 500, to another VoIP provider, My Net Fone (ASX: MNF). However, the company does not seem to be particularly diligent in telling shareholders about its disposal of their assets. It was left to My Net Fone to inform the ASX of the deal. Similarly there has been no announcement of the sale of ShiftReload. |
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