VN8
Director Trades
| Date | Director | Value |
|---|---|---|
| 26/11/24 | B. Paddon | $19,800 |
| 17/12/24 | J. Gomersall | $308,000 |
| 14/1/25 | S. Wilks | $222,886 |
| 14/1/25 | B. Paddon | $95,523 |
| 15/1/25 | J. Gomersall | $411,601 |
Company News
Swoop Holdings acquires 16.99% stake in Vonex as full ownership battle heats up
Australian fixed wireless network provider Swoop Holdings (ASX: SWP) has finalised the $2.45 million acquisition of a 16.99% equity interest in telecommunications company Vonex (ASX: VN8). The on-market purchase of 61.4 million shares at an average price of $0.04 follows Swoop’s bid earlier this month for full ownership of Vonex in competition with a proposed […]
Vonex adds OntheNet to portfolio as part of nation-wide expansion strategy
Vonex (ASX: VN8) will add Gold Coast telecommunications business OntheNet to its growing portfolio, with the acquisition expected to increase group revenue to $52.4 million in FY2023. OntheNet provides data network, voice and hosting/co-location services to businesses and delivered $15.2 million in proforma revenue in FY2022. Of the $15.2 million revenue, about 97% is recurring. […]
Vonex debuts first full year profit since ASX listing
With revenue rocketing 84% for the 2022 financial year ending June (FY2022), telco Vonex (ASX: VN8) has achieved its first full year profit since listing on the ASX. The company’s sales revenue for FY2022 soared to $33.6 million – up 84% on $18.3 million in FY2021. Vonex non-executive chairman Nicholas Ong said the company’s focus […]
Vonex completes acquisition of profitable MyNetFone Direct Business
Vonex (ASX: VN8) has completed its acquisition of MyNetFone Direct Business after making the final monthly cash payment to Symbio Holdings (ASX: SYM). All-up, Vonex has paid $31 million to Symbio in consideration for MyNetFone, which it agreed to acquire in June last year. The acquisition involved a $20 million up front payment, plus $11 […]
Vonex posts record $10.5m gross revenue in June quarter
Telecommunications innovator Vonex (ASX: VN8) has posted record gross unaudited revenue for the three months to end June of $10.5 million, representing a year-on-year increase of 81%. The company’s annualised recurring revenue was also up by more than 97% year-on-year to approximately $36.2 million. Following record revenues in the previous quarter, Vonex added total contract […]
Vonex partners with More on telco deal for CBA business customers
Telecommunications company Vonex (ASX: VN8) has partnered with local telco More to become an exclusive provider of business phone hardware and services to new and existing customers of the Commonwealth Bank (ASX: CBA). Under the terms of the deal, operating through its wholesale arm 2SG Wholesale, Vonex will develop, operate and maintain a customised software […]
Vonex’s latest results highlight record revenue
Vonex (ASX: VN8) has released its March quarter results this week, outlining record revenue achieved through an overall increase in business activity. The award-winning telecommunications service provider has seen its quarterly revenue spike to $10.2 million, up 96% year on year. Vonex managing director Matt Fahey said the results indicate the efforts of the company’s […]
Vonex posts increased revenue, eyes multiple growth opportunities
Award winning and full-service telecommunications company Vonex (ASX: VN8) has achieved a 54% increase in revenue to $15.047 million for the half year ending December 2021 (H1 FY2022) – as it continues to pursue organic and inorganic growth avenues. This $15.047 million in revenue compares to $9.77 million generated in H1 FY2021. Also, during H1 […]
Vonex boosts revenue amid rapidly expanding telecommunications market
Telecommunications company Vonex (ASX: VN8) has revealed a 67% rise in revenue to $14.94 million for the December half year (H1 FY2022) – closing the period out with $8.34 million in cash to fund its growth strategy. Describing itself as a “full-service, multi-award-winning” telecommunications company, Vonex provides phone and internet services to Australian businesses and […]
Vonex quarterly results fly high on the back of Qantas partnership
Telecommunications company Vonex (ASX: VN8) has posted healthy results for the September quarter, adding $1.64 million in new retail and wholesale business and recording a 25% quarter-on-quarter increase. More than half of the new sales were driven by the Qantas Business Rewards (QBR) program, launched in August in partnership with Qantas Airways (ASX: QAN). Under […]