EFTel buys third ISP this month

EFTel has continued its acquisitions spree, picking up Queensland-based ISP, Instant Communications. The purchase is its third in the past month.

Instant will add 3000 dial-up and broadband accounts to EFTel's books.

CEO, Simon Ehrenfeld, said the latest acquisition was complementary to its aaNet purchase in July.

EFTel general manager, John Lane, said Instant offered a solid and loyal customer base which could be easily integrated with the aaNet business.

"It means we have immediate synergies between the two operations," he said.

The two deals were also supported by EFTel's acquisition of Western Australian ISP, Ace Online, last month.

According to an ASX company statement, the trio will cost a maximum $2.47 million, based on performance outcomes. They are being funded by the ISP's Westpac acquisition facility, which was secured in February.

"We're always on the hunt for acquisitions and in discussions with several parties at once," Lane said. "This is going to be ongoing. We have completed some acquisitions very rapidly recently and we're not stopping.

The company was keen to pick up ISPs in each state for different reasons, he said.

"WA is our home state and we have a significant base of customers here, while Victoria is our largest customer base. It's good to add customers where we already have strength," he said. "But our aim is to grow nationally as fast as we can and acquisitions have proved a successful strategy for us."

Combined, the three ISPs increase EFTel's active subscriber base by 20,000 to 140,000 active customers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Nadia Cameron
Show Comments

Brand Post

Shining a light on creativity

MSI has long pushed the boundaries of invention with its ever-evolving range of laptops but it has now pulled off a world first with the new MSI Creative 17.

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?