Cobra telco deal sweetened
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Tuesday, 16 May, 2000 - 22:00
COBRA Resources NL’s investment in Internet and telecommunications provider Global Dial has been sweetened by the news that it has been joined on the carrier’s register by Singapore-based construction and property company Low Keng Huat Ltd, which will inject $1.7 million to acquire a 20 per cent stake.
LKH – which owns and manages properties across South East Asia and Australia including the Duxton hotels in Perth and Singapore – will be a partner for Global Dial in the Asian region, providing contracts and support for its push into China.
Cobra recently settled its acquisition of a 30 per cent interest in Global Dial to make it one of the company’s largest shareholders.
Global Dial was recently granted a telecomunications carrier licence by the Australian Communications Authority, clearing the way for its national growth plan in Internet telephony.
LKH – which owns and manages properties across South East Asia and Australia including the Duxton hotels in Perth and Singapore – will be a partner for Global Dial in the Asian region, providing contracts and support for its push into China.
Cobra recently settled its acquisition of a 30 per cent interest in Global Dial to make it one of the company’s largest shareholders.
Global Dial was recently granted a telecomunications carrier licence by the Australian Communications Authority, clearing the way for its national growth plan in Internet telephony.