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Australia - Freshtel's FY revenues fall 34%.
Australian VoIP services provider Freshtel had an extremely difficult financial year with revenues shrinking and costs running at a high monthly rate. In April, the company raised AUD 1.8 million through a rights issue and now plans to focus on restructuring, lowering costs, and improving its Voicedot Network services. Cost saving initiatives include the resignation of CEO Rhona O'Donnell and possibly de-listing from …
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- Australia - Freshtel makes AUD 6.15 mln net loss in fiscal year.
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Magazine article from: Telecompaper Africa/Asia
August 31, 2006
700+ words
