Vonex Outlines Success of Acquisition Growth Strategy
Finfeed Archived Apr 30, 2021
Telecommunications innovator Vonex Limited (ASX: VN8) has provided an update on its activities for the quarter ended 31 March 2021. Supported by organic growth and a strong cash position of $3.9 million and nil debt, Vonex continued its proactive approach to acquisition opportunities during the quarter.
Vonex to acquire Nextel boosting ARR by circa $1M
Finfeed Archived Dec 18, 2020
Vonex Limited (ASX: VN8) has today announced its intention to acquire Nextel’s business and operations as a going concern. The acquisition will provide an immediate boost of approximately $1 million to Vonex’s base of annualised recurring revenue.
VN8 Moving up to the Next Tier of ASX Telcos
Next Investors Nov 20, 2020
We added Vonex Ltd (ASX: VN8) to our long term portfolio in September when it was trading at 14 cents per share. We invested because VN8 is not yet well known to ASX investors, but is aspiring to attain a similar valuation to its ASX listed peers: