Symbio promotes Dylan Brown to CEO of Connect division
Symbio has promoted Dylan Brown, acting CEO of its communications platform-as-a-service (CPaaS) division Connect, to the full position.
Symbio has promoted Dylan Brown, acting CEO of its communications platform-as-a-service (CPaaS) division Connect, to the full position.
Telecommunications provider MNF Group has seen its net profit after tax fall by nearly 50 per cent to $3.1 million for the half year ending 31 December.
Telco carrier 5G Networks has won several deals since the acquisition of Hostworks and Anittel, which delivered $5 million in new incremental revenue.
The shareholders of publicly-listed Inabox Group have voted in favour of the latest offer from MNF Group.
MNF Group has revealed today a simplified offer for the acquisition of Inabox's indirect business in a move to get Inabox's shareholders to approve its offer over SB&G's.
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.
MNF Group has predicted up to 38.6 per cent jump in its profits by 2020 following the news of its planned acquisition of Inabox.
Publicly-listed MNF Group has entered into an agreement to acquire Inabox's indirect business, which includes its wholesale and enablement business.
Inabox Group has closed the 2018 financial year with a net loss of $13 million, with the hit related to its direct business which was sold.
Inabox Group has sold its Hostworks and Anittel businesses to 5G Networks in a $5.7 million deal.
Inabox Group forked out over $8.5 million in acquisitions last year, now the company is fielding offers for at least one of its businesses.
Inabox Group has reported a net loss after tax of $1.6 million for 1H FY18, a 434 per cent year-on-year fall from the same period the previous year.
Telcoinabox has secured a three-year contract to provide white-label system and enablement services for Telstra’s wholesale channel.
Inabox has revealed that its recently acquired Hostworks cloud solutions business will have a negative impact on the group’s financial performance.
$1.5 million in earnings used to pay for redundancies.