Zintel sells service company Cogent to private investors for $1 mln

Wed, 20 Jun 2012

By Hannah Lynch June 21 (BusinessDesk) - Zintel Group, the NZAX-listed telecommunications company, has announced the sale of its subsidiary company, Zintel Cogent, for $1 million effective July 2. The telecommunications service company was acquired by Zintel in October 2008. It was sold to private investors who will continue to operate and grow the business under the Cogent brand. "Under our guidance we have been unable to achieve consistent profitability of the PBX business and think it will be better managed with a brighter future under...

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