Sunday, September 12, 2010

Axia may withdraw rural broadband bid

Vodafone supported Axia NetMedia has dropped hints that it may drop out of its rural broadband bid as reported by the National Business Review last Friday.

This follows the governments announcement last Thursday on the successful participants for stage one of the UFB initiative of which Axia was the only tender not included.

Axia NetMedia's share price fell 4% following the announcement.

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