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Tag: dodo
Climate Change and Island Species: How the Dodo Birds Went Extinct
2015-09-08 03:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Nature World: The first recorded image of the extinct dodo bird appears in a rare, first-edition book published in 1601, about the second Dutch expedition of 1598 to Indonesia, say analysts at the Lyon and Turnbull auction house in Edinburgh, who recently auctioned off the book. According to a release from the auction house, during their exploration, the Dutch voyagers took note of their surroundings, including the dodos (Raphus cucullatus). The Dutch called these birds Walckvogel, which means disgusting bird....
Tags: change
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Dodo TV with Fetch launches in Australia
2014-10-01 03:00:48| Digital TV News
Dodo, part of Australia's M2 Group (ASX:MTU), has announced that it has signed an alliance agreement with Fetch TV and will immediately commence offering its IPTV service.
Tags: australia
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M2 to buy Eftel, Dodo
2013-03-18 02:21:00| Telecompaper Headlines
(Telecompaper) Australian telecommunications services group M2 Telecommunications will buy communications and utilities provider Dodo and will also make an offer for ISP and wholesale services provider Eftel. M2 will buy 100 percent of Dodo for a combination of cash and scrip consideration, valuing Dodo at AUD 203.9 million, on a debt-free and cash-free basis. The transaction is expected to complete in early May this year. Meanwhile, M2 and Eftel have entered into a bid implementation agreement, with M2 to make an off-market takeover offer for all issued Eftel shares. M2 offers either one share in M2 for every 12.34 Eftel shares or AUD 0.3581 cash for each Eftel share. The offer implies an enterprise value for Eftel of approximately AUD 44.1 million (inclusive of AUD 5.6 million net debt). Minimum acceptance for the offer is 90 percent. M2 will fund the acquisitions and refinance existing debt through a combination of new fully underwritten three-year, AUD 400 million loan facilities and the issue of around 19.2 million ordinary shares of M2 to Dodo and Eftel shareholders. M2 expects the acquisitions to contribute in excess of AUD 400 million revenue and AUD 50 million EBITDA in FY 2014, implying an indicative EBITDA valuation multiple for the acquisitions of approximately 5.0x.
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