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.
The directors of Inabox have unanimously recommended that its shareholders accept an offer from MyNetFone that will see MNF Group acquire all of Inabox’s operating subsidiaries.
MNF Group has closed the 2018 financial year with a 15 per cent increase in revenue posting $220.7 million.
MNF Group, whose brands include MyNetFone, Symbio Networks and Pennytel, has struck an agreement to acquire Singapore network operator SuperInternet.
MNF Group, whose brands include MyNetFone and voice carrier Symbio Networks, will begin offering 3G and 4G services using Telstra’s mobile network.
MyNetFone cofounder and CEO, Rene Sugo, has delivered a stinging attack on the NBN warning that its business model will be unsustainable in the face of competition from cellular and from TPG’s fibre to the basement offering, and that smaller telcos — dependent on the NBN to connect customers – will be driven out of the market.
Organic growth in the small business and wholesale managed service segments has led to a net profit after tax (NPAT) of $3.1 million for MyNetFone (ASX: MNF) in the six months to 31 December, 2014.
VoIP provider MyNetFone will pay to $1.4 million to pick up iBoss, the billing and provisioning platform of defunct wholesaler ispONE.
The future of voice communications may be in 'over the top' applications, but there's life yet in the humble phone number according to the CEO of VoIP provider MyNetFone. Phone numbers "are this invisible glue that everyone takes for granted," Rene Sugo says.
MyNetFone has agreed to take on customers of PennyTel and iVoisys after the two companies entered into provisional liquidation.
Delays in the migration of the Tasmanian government to VoIP services mean that MyNetFone is yet to see the revenue the service provider expected from the contract, which was signed mid-last year.