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Vonex kick starts 2021 with key acquisitions

Vonex Limited (ASX:VN8) chief executive officer Matt Fahey speaks to Proactive about its recent signing of a wholesale agreement with Orange Businesses Services.

Orange is a network-native digital services company and the global enterprise division of the Orange Group (EPA: ORA) with business-grade mobile broadband services throughout Australia.

Fahey said the company is particularly thrilled to see the pedigree of wholesale customers it is attracting to the group.

He said: “This acquisition will focus on enterprise applications and mobile broadband applications.”

The second acquisition that the company has completed in 11 months includes the Nextel acquisition, which will provide a boost to Vonex’s annualised recurring revenue.

It also enhances the company’s presence in Sydney and NSW markets.

Quick facts: Vonex Ltd

Price: 0.18 AUD

ASX:VN8
Market: ASX
Market Cap: $34.74 m
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