Eftel (ASX: EFT) is to acquire the assets of Western Australia based ISP West Australian Networks, which operates under the domain www.westnet.net.au: confusingly similar to that of iiNet's Westnet subsidiary.
ISP and telecom service provider Eftel (ASX: EFT) has launched a rights issue to raise $9.27m to pay off high interest rate debt and boost its working capital to enable it to invest in customer acquisitions.