Uncategorized Archives - Vonex

MNF Group closes $31m direct biz sale to Vonex

MNF Group has finalised its deal with Vonex for the sale of part of the company’s direct business for $31 million. The two signed the conditional term sheet on 7 June and MNF Group told shareholders today that all conditions of the deal had been satisfied including detailed due diligence. At the time Vonex said the deal… Continue reading MNF Group closes $31m direct biz sale to Vonex

Vonex achieves strong growth – Nextel outperforming expectations

As the first day of June marks the start of the last month of fiscal 2021, telecommunications innovator Vonex Limited (ASX:VN8) can be impressed with its achievements on the corporate front and from an operational perspective in the last 12 months. A business update released on Tuesday morning indicates that the company continues to deliver strong organic… Continue reading Vonex achieves strong growth – Nextel outperforming expectations

Vonex inks mobile broadband wholesale deal with Orange Business Services

Sasha Karen (ARN) 05 February 2021 Telco provider Vonex has signed a multi-year agreement to provide business-grade mobile broadband services for Orange Business Services, a move set to underpin the latter’s Aussie expansion plans The agreement will see Vonex, through its wholesaler subsidiary 2SG Wholesale, which it bought in November 2019 for $2.6 million, effectively help to… Continue reading Vonex inks mobile broadband wholesale deal with Orange Business Services

Vonex wins wholesale contract from telco conglomerate Orange

February 5, 2021, by Alfred Chan Telecommunications company Vonex (ASX: VN8) will soon get a significant boost in their network usage having signed global telco giant Orange Group (EPA: ORA) to a multi-year enterprise deal for mobile and internet products. The agreement is with Orange Business Services and will see Vonex provide business-grade mobile broadband services… Continue reading Vonex wins wholesale contract from telco conglomerate Orange

Vonex finalises acquisition of Sydney-based Nextel

ASX-listed telco services provider Vonex has finalised its acquisition of Sydney-based NBN reseller and NEC partner Nextel. Vonex first announced the acquisition on 18 December 2020 (pdf), with the total consideration set at $1.58 million. Vonex said acquiring Nextel would allow for cross-selling and product expansion opportunities, while also growing its own customer base, carrier relationships and… Continue reading Vonex finalises acquisition of Sydney-based Nextel