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My Net Fone Ltd acquires iBoss


Thursday, 10 Jul 2014 12:57am EDT 

My Net Fone Ltd:Enters into an agreement to purchase business and intellectual property of wholesale telecommunications enabler iBoss.MNF has agreed to pay A$1.4 mln for iBoss and expects that from existing customer base it will contribute about A$250,000 to the company's EBITDA in 2014/15 financial year.My Net Fone will acquire iBoss for a total consideration of A$1.4 mln in cash, with A$140,000 payable immediately and the remaining A$1.26 mln to be paid on completion which is scheduled to occur on July 18 and is subject to certain practical conditions, which we do not expect any issues with. 

Company Quote

3.42
0.1 +3.01%
19 Dec 2014