June 24, 2006
Engin to raise additional capital
Engin has decided to raise capital through the issuance of new shares equivalent to 21.8 percent of its existing capital in the stock market. The Australian broadband phone service provider will invest money in network and support systems to enhance company's operating capacity. Engin has now 40,000 lines. Its telecommunication services are hitting the Australian market. It is getting around 4,000 subscribers per month. The company plans to achieve 100,000 subscriber bases by June 2007. For which, Engin is keen to invest money in different segments of market.
Via: [VoIP News]
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