Diversified telecommunications services provider M2 Telecommunications Group Limited (ASX: MTU) today released its financial results for the half year ending 31 December 2007, delivering a 160% increase in Net Profits After Tax (NPAT) to a record $1.95 million, as compared with the previous corresponding period (pcp).
Further to the announcement made to ASX on 4 February 2008, M2 Telecommunications Group Limited (ASX: MTU)("M2") today confirms that Completion of the Share Sale Agreement with Unitel Australia Pty Ltd ("Unitel"), the wholesale network services business of Commander Communications Ltd (ASX:CDR) occurred on Friday 22 February 2008.
MTU is on its way to a sixth record year in revenues, profits and dividends since listing, pretty unique for a small telco. M2's focus on profitability is home grown but it has added to its success by careful acquisitions. M2 is now in a position to offer the full range of telco services to small and medium businesses, nationwide buying groups, associations and mid-tier corporates, and also for small / mid-sized telecommunications service providers, with online mobile phone retailing and Green Mobiles - mobile phone services powered by the Optus 3G network.
M2 Telecommunications Group Limited (ASX: MTU)("M2") has announced today that it has executed a binding Share Sale Agreement to acquire Unitel Australia Pty Ltd ("Unitel"), the wholesale network services business of Commander Communications (ASX: CDR). To facilitate an orderly transition of the business, completion is scheduled to be on or before 22 February 2008.
Zylotech Limited (ASX: ZYL) is pleased to announce a ground-breaking milestone in its business development program. The company has signed a major bilateral, evergreen distribution agreement with VIVOTEK Inc, a leading Asian hardware manufacturer of IP surveillance cameras and the name behind brands such as D-Link, LevelOne and other multinational IT Distribution products. The Board considers the after tax Net Present Value over the first 2.5-year phase of this significant agreement to be A$11,000,000.
m2m Corporation Limited ("m2m" or "the Company") (ASX: MCL) advises that through its Hong Kong subsidiary, Starband Communications Ltd ("Starband"), it has formally settled a joint venture with Baipin Technology Co., Limited ("Baipin") to increase sales and distribution of internet related services in China.
M2 Telecommunications announce "Focus, Innovation & Growth" Investor Presentation / Company Outlook November 2007.
