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

Wed, 01 Apr 2015

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...

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