Completes US acquisition of TNZI voice business
Sydney, June 3, 2016 AEST (ABN Newswire) - The Board of Australian telecommunications provider MNF Group Limited (
ASX:MNF) is pleased to announce that it has completed the US purchase of the global wholesale voice business of Telecom New Zealand International ("TNZI"). The purchase of the US based international voice business is now concluded following receipt of US government approvals.
MNF Group paid AU$22.0m (NZ$22.4m) to purchase the global wholesale voice business of Telecom New Zealand International ("TNZI") from Spark New Zealand (ASX:SPK) on 23rd April 2015.
About Symbio Holdings Limited
Symbio Holdings Limited (ASX:SYM) is a software company changing the way the world communicates.
Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers.
Symbio is the backbone for the global cloud communication industry. Over 500 service providers - from telecom start-ups to the world's biggest software companies - rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges.
Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide.
For more information about Symbio visit www.symbio.global
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