SYDNEY: Swoop Holdings (ASX:SWP) has announce its intention to make an off-market takeover offer to acquire all of the ordinary shares of Vonex Limited (ASX:VN8)that it does not currently own. Swoop is offering 1 fully paid Swoop ordinary share for every 4.2 Vonex Shares. The implied offer price is 5 cents per Vonex share. Swoop…
Tag: Vonex Limited
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…
Vonex announces strong growth in recurring revenue
PERTH: Vonex Limited, telecommunications innovator, has achieved strong growth in annualised recurring revenue (ARR) $9 million as at the end of Q1 FY20. ARR excludes one-off sales revenue and does not factor in net churn as the business continues to deliver positive net growth in active users. The Company is well-positioned to continue growing its…