IAB
Director Trades
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Company News
New acquisitions, existing contracts underpin strong quarterly performance for 5G Networks
Australian telecommunications company 5G Networks (ASX: 5GN) has reported a quarterly revenue of $11 million, buoyed by the $5.7m acquisition in August of Inabox Group (ASX: IAB) subsidiaries Anittel and Hostworks. The company won a number of national deals during the quarter which delivered over $5m in new revenue. It also re-signed key customers whose […]
MNF Group looks to assimilate Inabox’s telecoms business in multimillion-dollar deal
Telecoms software and network provider MNF Group (ASX: MNF) is set to bolster its market presence after announcing a buyout of Inabox Group’s (ASX: IAB) telecommunications and enablement services business, including all of its operating subsidiaries; Telcoinabox, iVox, Neural Networks, Mobile Service Solutions and Symmetry Networks. As a business, Inabox supplies wholesale telecommunications and enablement […]
5GN buys Inabox subsidiaries in $5.7m telco deal
Australian telecommunications company 5G Networks (ASX: 5GN) has purchased the direct business subsidiaries of technology solutions provider Inabox (ASX: IAB) in a $5.7 million deal designed to expand 5GN’s geographical reach and customer base. Under the terms of the transaction, 5GN has acquired Inabox brands Hostworks and Anittel on a cash-free and part debt-free basis, […]