24/10/2006 - 22:00

Amcom to consolidate

24/10/2006 - 22:00

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Amcom to consolidate
Amcom Telecommunications Ltd has signalled its desire to be a major player in a likely consolidation of the junior telco sector, securing a further $30 million from major shareholder Futuris Corporation Ltd. The move will require shareholder approval, at the same time as investors ratify an earlier deal through which Futuris provided $20 million, to help Amcom take a 19.9 per cent stake in iiNet Ltd.

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