Australian fixed wireless network provider Swoop Holdings (ASX:SWP) has completed a $2.45 million purchase of a 16.99% stake in telecommunications group Vonex (ASX:VN8).
📲 Swoop is a national provider of data and voice services to channel, business and residential customers with a focus on its own fibre and fixed wireless infrastructure
☎️ Vonex works in a range of industries, from the Sydney Harbour Trust to IGA’s across Australia
📞 Swoop has acquired its interest in Vonex for around $2.45 million which has been funded from existing cash resources
“Swoop is in a strong position to be able to acquire the Vonex business and integrate and extract material synergies” – Swoop Chair James Spenceley
ASX announcement: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02851224-2A1547732&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400