Market briefs: FreshTel, Webfirm, Telstra

Freshtel, suspended, reinstated to ASX trading; Webfirm announces release from escrow of 62.9m shares; Telstra launches Smarter Business Ideas magazine

Freshtel suspended, reinstated to ASX

VoIP provider Freshtel (ASX:FRE) was briefly suspended from ASX trading on Tuesday for failing to lodge its 1H11 cashflow statements on time.

In a statement, Freshtel said the delay was down to an administrative error linked to a staff bereavement. The company confirmed it had significant cash to meet its ongoing requirements.

Freshtel released the required statements today, and the suspension was lifted. FRE shares ended Tuesday's trading unchanged at $0.003.

Webfirm announces release of 62.9m shares

Online and digital media company Webfirm (ASX:WFM) has announced the impending release from escrow of nearly 62.9 million shares.

The securities will be released from escrow on 16 February, and Webfirm will apply for their quotation from that date, the company said.

WFM shares fell 2.94 per cent in Tuesday's trading to $0.165.

Telstra launches SMB magazine

Telstra (ASX:TLS) has revealed it has launched its Smarter Business Ideas website and quarterly magazine.

The publication, developed in conjunction with ACP Magazines, will be distributed to the roughly 525,000 Telstra Business customers.

It will provide general business advice to SMEs. TLS shares fell 1.07 per cent in Tuesday's trading to $2.770.

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Tags unified communicationsTelstraASXmarket sharestelcosWebfirmFreshtelSmarter Business Ideas

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