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BRIEF-Swift Networks to acquire Web2tv and Living Networks, raises $2mln

Published 08/11/2016, 10:04 am
Updated 08/11/2016, 10:10 am
© Reuters.  BRIEF-Swift Networks to acquire Web2tv and Living Networks, raises $2mln

Nov 8 (Reuters) - Swift Networks Group Ltd SW1.AX

* Swift's footprint to increase to approximately 40,000 room subscriptions

* Net proceeds of capital raising will fund acquisitions of web2tv and living networks

* Swift networks - two deals are an accretive transaction with low cost to acquire

* Has received binding commitments to raise $2.0 million in a placement up to 8.7 million shares to investors at $0.23 per share

* Swift networks group ltd - swift to acquire web2tv and living networks, raises $2m-sw1.ax Source text for Eikon: ID:nASX8qw4wF Further company coverage: SW1.AX

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