United Networks Announced Two Acquisitions

  • Dec 04, 2019 AEDT
  • Team Kalkine

United Networks Limited (ASX: UNL) has announced the completion of two acquisitions of telecommunications service provider companiesSymmetry Networks Pty Ltd from MNF Group Ltd (ASX: MNF) and NextCom.

  • UNL to fund acquisitions through internal cash flows over 15 months.
  • Purchased for a total cash consideration of $0.34 million.
  • The company entered into Master Wholesale Agreement to purchase services from MNF Group.

By 1:10 PM AEST, UNL was trading at 0.035, up by 52.17% from the last close.


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