Home Industry Listed Tech Ryan O'Hare becomes Eftel shareholder and director
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Ryan O'Hare - one of the pioneers of Australia's competitive telecommunications market - has become a major shareholder and a director of Eftel (ASX: EFT).

O'Hare was the CEO and co-founder, along with Colin Marland, of CorpTEL which, in 1994, became one of the first companies to provide telecommunications services by reselling Optus services.

CorpTEL became one of the largest privately owned telecommunication service companies in Australia, recording revenues in 1998 of over $100 million for fixed and mobile services. It was sold to AAPT in 1998.

O'Hare cofounded People Telecom in 2000. Five years later revenue had grown to over $110m per annum. People Telecom became a listed company in 2004 through a merger with ASX listed Swiftel. O'Hare resigned his CEO role in 2006.

He is the current CEO of Next Telecom and E-Utility, a director of the National Stroke Foundation and is active with the Children with Aids Charity in the UK.

O'Hare recently invested $1m in Eftel (with shares issued at 17.5c per share) as a sub-underwriter to the underwriting agreement put in place to underpin the company's recent rights issue.

Following O'Hare's appointment, Paul Stevenage will retire as a director. Eftel chair, Stephe Wilks, said: "Paul leaves the board after having served the company for more than nine very productive and effective years...While we accept his view that it is now time for a change with the appointment of Ryan to the board – he will be a loss to the company."

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Stuart Corner

 

Tracking the telecoms industry since 1989, Stuart has been awarded Journalist Of The Year by the Australian Telecommunications Users Group (twice) and by the Service Providers Action Network. In 2010 he received the 'Kester' lifetime achievement award in the Consensus IT Writers Awards and was made a Lifetime Member of the Telecommunications Society of Australia. He was born in the UK, came to Australia in 1980 and has been here ever since.

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