WAM!NET has received the clearance from the majority of its bondholders that it needed to proceed with its finance deal with Cerberus Capital Management (PrintWeek, 3 August).
The firms second-quarter sales rose 49% to 9.2m ($13.4m). It is confident that it will be EBITDA-positive by the end of this year and cashflow-positive in the middle of next year. Losses to the end of June stood at 417m.
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