Here is what I read from a post made by Andy elsewhere. Freshtel are basically an Australian company who used to run Tesco's internet phone business. I believe Tesco even owned part of Freshtel.
Freshtel have been making heavy losses for some time, and have been negotiating to get rid of Tesco Internet phone for some time.
"Freshtel has incurred significant losses on its UK activity and agreement has now been reached with Tesco in the UK to terminate the service agreement under which Freshtel provides services to Tesco," the statement reads. "This has allowed a further reduction in costs and removed the need to continue to support the operating platform. Sean Wilkins, from Tesco has resigned as a director of Freshtel and we have appointed Ken Carr, former CEO of Keycorp, as director to replace Sean."
This article was from about a month ago and can be found at:
http://www.computerworld.com.au/article/336985/freshtel_forecasts_1_25m_loss/