United Networks Limited (ASX: UNL) has announced the completion of two acquisitions of telecommunications service provider companies – Symmetry 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.