Australia's Vonex jumps most since June on customer usage growth

Symbio Holdings

21/09/2021 07:11

** Shares of Vonex Ltd  VN8.AX  jump as much as 12.5% to
A$0.150, post their best intraday pct gain since June 1
    ** Telecom firm says https://bit.ly/3koUQhy it has more than
80,000 active users of its Vonex-branded Private Branch Exchange
(PBX) cloud-based phone service after acquisition
    ** VN8 buys part of Direct Business of MNF Group Ltd
 MNF.AX  on Aug. 9, which sells cloud phone, internet and mobile
services to SME and residential customers in Australia
    ** VN8 posts YOY growth of more than 185% in monthly retail
customer billings and more than 540% in retail customer numbers 
    ** Says it is servicing 141 wholesale customers in 5G
products across Australia after partnership with Singtel Optus
Pty Ltd, a unit of Singapore Telecommunications Ltd  STEL.SI  
    ** Six mln shares change hands, 5.1 times the 30-day average
volume of 818,510
    ** Stock down 49% this year, as of last close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))