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My Net Fone to buy Spark's int'l voice ops for NZD 22 mln

2015-04-02 10:20:00| Telecompaper Headlines

(Telecompaper) Australian internet and VoIP services provider My Net Fone has agreed to acquire Spark New Zealand's international voice business for NZD 22.4 million. The international voice business has forecast EBITDA of round NZD 34 million per year. Spark will retain its international data business. The nonUS aspects of the transaction are expected to complete in April, with the US aspects to complete following receipt of US government approvals. The sale is in line with Spark's strategy of focusing mainly on its New Zealand operations.

Tags: net buy voice intl

Category:Telecommunications

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