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MNF Group Ltd (ASX:MNF) Signs Term Sheet with Vonex    MNF Signs Term Sheet with VonexSydney, June 7, 2021 AEST (ABN Newswire) - MNF Group Limited ( ASX:MNF) (M2S.F) today announced that it has signed a conditional term sheet with Vonex Limited ( ASX:VN8) ( Vonex ) for the sale of part of its direct business ( Direct Business ), for $31 million. The term sheet is non-binding other than customary matters including exclusivity. The sale is in-line with MNF s strategy to simplify the business, grow recurring revenues and focus on growing the MNF wholesale business, Symbio. The Direct Businesses that form the sale agreement include those that provide cloud phone, mobile and internet services directly to small business and residential customers in Australia. These customers are predominantly served by the MyNetFone brand; however the brand is not part of the sale and MNF will retain the Enterprise and Government clients.

United statesNew south walesGroup ltdTerm sheetVonex limitedDirect businessesForbes asia pacificE commerce and mobileConsumers generalHit generalAdvertising mediaMnf group ltdAsx mnfEurex m2sஒன்றுபட்டது மாநிலங்களில்புதியது தெற்கு வேல்ஸ்