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.
IPTV service provider, Reeltime Media, plans to raise another $1 million after its $4 million share offer was oversubscribed.
The company has lodged a supplementary prospectus with ASIC on the same terms as that filed on the 27th February offering 20,000,000 shares at 20 cents each. As a result the date for anticipated relisting of the company is now 5th April.
Sydney based Reeltime has agreements with major Hollywood and niche studios for distribution of commercial content over secure broadband networks. Its 'white label' service will be delivered over the Australian broadband network, and is available for resale to any ISP, telco etc.
Reeltime says it has already signed and secured access, carriage, video server co-location and bulk SMS distribution agreements with Telstra Corporation Ltd for its national network, including the consumer DSL network, and will offer its services to the public via primarily a digital IP based TV set top box, as well as offering alternative PC download and stream services.
Reeltime is majority owned by Australian unlisted public company, Movies Online Ltd, which includes on its share register Sony Pictures Entertainment and ACE Cinema group as substantial shareholders.
David Bass
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