Vonex appoints new CEO as Matt Fahey steps down

SYDNEY, AUSTRALIA: Vonex Limited (ASX: VN8), a telecommunications service provider selling mobile, internet, traditional fixed lines, and hosted PBX and VoIP services predominately to the small to medium enterprise (SME) customer under the Vonex brand, today announced that Matt Fahey has chosen to step down as Chief Executive Officer of the Company effective immediately. He…

Vonex Limited agrees to buy MNF Group’s Direct Business for $31 million

SYDNEY, AUSTRALIA: Vonex Limited has agreed to acquire MNF Group’s Direct Business which services SME and Consumer customers for $31 million, comprising $20 million of cash consideration payable on completion and $11 million of deferred cash consideration payable in monthly installments over 12 months, a news release said. MNF will retain elements of the business…