Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
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Stan Beer
Thursday, 04 November 2004 12:26
Electronic payments systems and internet services provider, Customers Ltd (ASX:CUS), has appointed Greg Baker, the former managing director of Cashcard, as CEO. Baker, will replace current MD, Julian Ludowici, who will resign from the top job but remain as a director and company secretary.
CUS will also acquire a company from Baker and Bradley Gerdis (who will become CFO of CUS) the assets of which comprise 3 year executive service contracts for Baker and Gerdis and a business development plan. Payment for the acquisition will be in the form of 8.5 million shares and 22.5 million options to Baker and Gerdis.
CUS also intends to raise $2.1 Million dollars by the issue of 70 million shares at 3 cents each with a 1:2 option, to a group of investors who are backing Baker. He will personally subscribe for $660,000 of securities in the issue to become the largest
CUS shareholder.
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