Australia's Vonex rises on strong customer sales

Vonex

05/01/2022 02:29

** Telecom company's shares  VN8.AX  rise as much as 14.3%
to A$0.12, biggest intraday pct gain since Sept. 22
    ** Company says total contract value for new customer sales
in November 2021 exceeded A$1 mln ($0.7230 mln), up 50% y-o-y
    ** Vonex completes acquisition of Voiteck, a voice and
internet services provider to small and medium enterprise
customers in South Australia  urn:newsml:reuters.com:*:nASX3smrPk
    ** Company says acquisition launches VN8 into a new region
and is expected to add double-digit earnings accretion on a
full-year basis
    ** Shares hit highest since Dec. 15
    ** Trading volumes at 2.2x of 30-day avg of 449,647 shares
    ** VN8 stock more than halved in value in 2021

 ($1 = 1.3831 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))