DATA communications and Internet provider Swiftel Limited has announced its intention to merge with privately owned voice services company, people telecom, in a scrip deal worth an estimated $50 million.
SWIFTEL Ltd CEO Chris Gale will have to shell out $100,000 in the next few weeks as part of a deal with the creditors of his private business interests, who have been trying to salvage about $1.2 million in debts.
