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.
Macquarie Telecom has confirmed reports of a significant capital raising.
In a statement to the ASX, the company said it had secured an amount of external, asset-backed funding and was in the final stages of negotiating additional asset-backed funding, with the total of the two being up to $20 million. "This funding will comfortably cover the company's capital investment requirements. The business currently has and will maintain a healthy balance sheet." The statement said.
"The company's capital expenditure plans have been previously announced and guidance on capex has been issued. The largest capex item is the metro access network. Macquarie Telecom will complete the role out of the metro access network in 2006, and expects the total capital investment to be approximately $9 million, in line with expectations. Of the $9 million, $7 million will be spent in the 2006 financial year. Recurring core capital expenditure is expected to be approximately five percent of revenue."
David Bass
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