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MNF Group Ltd (ASX:MNF) Enters Binding Agreement with Vonex Limited (VN8.AX)
FRA:M2S) today announced that it has entered a binding agreement with Vonex (VN8.AX) for the sale of part of its Direct business. The Company announced it had signed a conditional term sheet with Vonex on 7 June 2021, to sell part of its Direct Business for $31 million. All conditions have been satisfied, including detailed due diligence and the Company has now signed a binding agreement with completion set for early August. The divestment of these direct businesses is in line with MNF s strategy to simplify the business and drive growth in its CPaas and UCaas voice services. Funds from the sale will be reinvested into the growing wholesale business and expansion offshore. ....
MNF Group Ltd (ASX:MNF) Appointment of New Chairman - ABN Newswire (@ABN_Newswire) abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
MNF Group Ltd (ASX:MNF) 2021 Full Year Results Date and Webinar
2021 Full Year Results Date and WebinarSydney, July 6, 2021 AEST (ABN Newswire) - MNF Group Limited ( FRA:M2S) will release its financial results for the full year ended 30 June 2021 on Tuesday, 24 August 2021. Following the release, our CEO, Mr Rene Sugo will be joined by our CFO, Mr Chris Last and Chief Executive - Wholesale, Mr Jon Cleaver to present the FY2021 full year results via a webinar. When: Tuesday, 24 August 2021 Time: 9:00am - 10:00am AEDT A live URL to the webinar will be available via the following link. Pre-registration is required: ....
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. ....