EFTel in trading halt

Shares in internet service provider EFTel have been placed in a trading halt pending the release of an update on the company's financial performance in light of the current economic climate.

The company said it will also announce a significant partnership agreement, with both announcements expected to be made tomorrow.

Shares in EFTel last traded at 4.4 cents.

The trading halt follows an announcement made yesterday that EFTel had signed a deal with Aussie Broadband to access its regional ADSL2+ exchange infrastructure in Victoria.

In return Aussie receives access to EFTel's national BroadbandNext network.