Spirit Telecom (ASX:ST1) has agreed to acquire VPD Group, which is the largest and most transformational transaction completed by the company.
Post the acquisition, ST1 would have a combined revenue run rate of $70 million to $75 million in FY2021. Further, the acquisition would provide a strong integrated sales opportunity across Internet, Security, Cloud and IT services across every state in Australia.
At AEST 01:09 PM, ST1 shares were noted trading at A$0.227, up 10.732% from the previous close.
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