ASX-listed My Net Phone to buy Spark's international voice business for $22.4M

ASX-listed My Net Phone to buy Spark's international voice business for $22.4M
By Jonathan Underhill April 2 (BusinessDesk) -  My Net Fone, an ASX-listed provider of  hosted voice and data communications services, has agreed to buy Spark New Zealand's international voice business for $22.4 million The company said in a statement to the ASX that the business will add A$90 million to A$100 million in annual revenue from wholesale voice trading and generate pretax earnings of about A$3.5 million in its first year, before potential synergies and savings. It expects to complete the purchase by the end of April, apart fro...