Monday, 23 March 2009

Advantage Cellular’s Founder in legal dispute with Centernet – UK, Poland

Simon Earle, founder of Advantage Cellular, is in the middle of a severe legal dispute with Centernet, a polish MVNO, on the payment of shares and the balance of a service contract owed to him.

After leaving Advantage in August last year, Earle has been serving as a director and shareholder in the business. He has a remaining 20% stake in Xebra, which owns a 61.25% share in Advantage Cellular and Advantage Business Solutions. In all, Earle holds 38.25% stake in the two units that makes it equivalent to 51% when combined with his Xebra holding.