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Commander Growth Aim

The Age

Friday November 24, 2006

MATT O'SULLIVAN

COMMANDER Communications plans to reinforce its reputation as a predator. Chief executive Adrian Coote said the telecom was intent on expanding through growth and acquisitions from consolidation in the industry.

Shares in the former Telstra subsidiary rose more than 3 per cent yesterday - to almost a seven-month high - after it repeated forecasts for full-year earnings of $95-$101 million, before interest, tax, depreciation and amortisation. The shares closed up 7? at $2.27.

Commander has "head- room for acquisitions", because of a $340 million funding facility put in place last year.

Commander was the subject of speculation last week that Singapore Telecommunications was circling, after the stock surged on heavy trading. But the trades were institutional investors rejigging their holdings.

-- MATT O'SULLIVAN

© 2006 The Age

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