PowerTel Limited 02 - Panel Receives Second Application in Relation to Powertel

The Takeovers Panel advises that it today received an application from the Roslyndale Syndicate (Roslyndale) seeking a declaration of unacceptable circumstances in relation to the affairs of PowerTel Limited (PowerTel). The application relates to the takeover bid announced by TVG Consolidation Holdings SPRL (TVG ) for all of PowerTel's shares.