SYB announces refinancing package for Smart Telecom

Smart YuRoE Broadband Limited (SYB - formerly Calally) today announced that it has completed a refinancing package of the Smart Telecom group ahead of taking the company private on June 29, 2007.

SYB also announced that it will benefit from full ownership of the T50 Network in Dublin after Brendan Murtagh agreed to merge his T50 telecommunications interests into SYB