MNF Group ditches residential broadband
MNF Group, whose brands include MyNetFone, Symbio Networks, Telcoinabox and PenntyTel, has announced it will sell its fixed-line residential broadband customer base to Southern Phone Company Ltd.
MNF Group, whose brands include MyNetFone, Symbio Networks, Telcoinabox and PenntyTel, has announced it will sell its fixed-line residential broadband customer base to Southern Phone Company Ltd.
Inabox shareholders have voted to accept an offer by MNF Group that will see the MyNetFone owner acquire all of Inabox Group’s operating businesses.
SB&G Telecoms has sweetened the terms of its takeover offer for Inabox, as it seeks to fight off an attempt by MNF Group to acquire the ASX-listed company’s operating businesses.
MNF Group has revamped its offer for Inabox’s operating subsidies in an effort to beat off a competing offer from SB&G Group.
A subsidiary of SB&G Group has made an all-cash $21.4 million offer for Inabox, ahead of a 19 November Inabox shareholder meeting due to vote on a takeover bid by MyNetFone.