OzEmail takeover complete

The takeover of Australia's largest Internet service provider, OzEmail, by telecommunications carrier, MCI WorldCom, has finally taken place. This follows an announcement by the ISP to the Australian Stock Exchange that the sale of the outstanding 107,424 ordinary shares at $US2.20 to MCI's subsidiary UUNet Holdings was approved.

Originally the deal was set to be finalised on February 9, but was extended to February 24 after MCI failed to secure the support of the required number of shareholders.

The deal had already been accepted in January by OzEmail directors Sean Howard, Trevor Kennedy and Malcolm Turnbull who had a combined 54 per cent share of the company. The Foreign Investment Review Board (FIRB) and the Australian Securities and Investment Commission (ASIC) had also approved the takeover.

OzEmail will become the Internet arm of UUNet Australia.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

PC World Staff

PC World

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?