Soul Reaches 90% Of B Digital

Written by Adam Gosling

Thursday, 09 November 2006

SP Telemedia (Soul) has announced it has reached the magic 90 percent share interest in MVNO B Digital freeing it to compulsorily acquire any outstanding share in the company. In an announcement to the Australian Stock Exchange, Soul said: "B Digital shareholders who have not yet accepted into the Offer are encouraged to do so before the Offer closes at 7pm on 13 November 2006. After that date, Soul intends to proceed with compulsory acquisition of the remaining shares in B Digital as described in the Bidder's Statement. "Michael Simmons, CEO of Soul said: "Soul's acquisition of B Digital is a logical step for both companies' shareholders. It will enable us to complete the integration of the two businesses and to capitalise more fully on the opportunities offered by our network and by increasing convergence in the telecommunications industry. The exact shareholding as at the time of the ASX statement was 90.49%. Related news items Tiny Rugged UMPC WIth Vista -10/10/2007 Major Players To Test WiMAX Interoperability -26/09/2007 New Flash Memeory Card Standard Coming -16/09/2007 Australia's First Free Mobile Navigation Service -13/09/2007 Leather-Bound ThinkPad Has Its Own Nerd -06/09/2007 Newer news items BigAir Plans 1Gbps Wireless Speeds -19/11/2006 3 Starts Mobile Broadband Price War: UPDATED -19/11/2006 Flat Rate Broadband Plan For 3G -16/11/2006 Vodafone Australia Exceeds Half Year Targets -14/11/2006 Soul's B Digital Offers Closes at 97.4% -13/11/2006 Older news items Optus Mobile A Biright Spot In Quarter's Results -08/11/2006 Vodafone Australia Signs For Nokia Services -02/11/2006 CFO Gets New SingTel CEO Gig -22/09/2006 Carriers Form 4G Lobby Group -14/09/2006 BigAir First Post-IPO Result A Ripper -13/09/2006 Tag This Now: