TELECOMMUNICATIONS

VN8 grows to $51M Annual Recurring Revenue with Latest Acquisition

Today, up and coming telco company Vonex (ASX:VN8) announced an agreement to acquire Queensland based telco OntheNet, adding ~$15M in recurring revenue and ~$2M in EBITDA.

VN8 following the telco playbook for growth

VN8 is a small cap telco that provides cloud-based, telecommunication solutions to Australian small and medium enterprises (SME). The company posted $10.5M in revenue for the quarter, up 81% from a year earlier, marking VN8’s second consecutive quarter of record revenue as customer numbers continued to grow across all divisions.

VN8’s “Hunt for Growth” Strategy Now Delivering

Our small cap telco investment Vonex (ASX:VN8) has been on an acquisition shopping spree, gobbling up 3 other telcos over the past 18 months. VN8’s acquisition strategy is a simple one that can be very effective in capturing market share and accelerating growth.

Vonex Integrates $31M Direct Business into its Operations

Today, VN8 provided an update on the integration of its latest and largest acquisition — the $31M Direct Business purchased from MNF Group, the integration is progressing well as the companies combine into one - and the growth announced today is impressive.

VN8 Acquiring Smaller Players, Becoming Snack for Major Telco

Today Vonex Ltd (ASX: VN8) announced the successful integration of its last acquisition, hitting 45,000 PBX users and growth of SME customers and whitelabel offerings.

Vonex continues its acquisition led growth strategy in 2021

Vonex Limited (ASX: VN8) has released its interim financial report for the FY21 half year. Accompanied by a letter from the Chairman, the report highlights the company’s achievements over the six months and provides an outlook for the second half of the financial year.

Vulcan attracts a Rinehart, Roblox DPO delayed and the Aussie stocks to watch

Roblox is planning a US listing, which was slated for this month after being pushed back from December as the company weighed up whether to IPO or DPO. The DPO has been pushed back again after the Securities and Exchange Commission raised concerns about how Roblox recognises its revenue from Robux.

Vonex signs multi-year agreement with telco giant Orange

Vonex Limited (ASX: VN8) announced today that it has signed a multi-year wholesale agreement with Orange Business Services, the global enterprise division of the $26.2BN capped Orange Group (EPA: ORA).

VN8’s Latest Acquisition Boosts Group ARR to Over $18M

When we introduced award-winning telecommunications service provider Vonex Ltd (ASX:VN8) as our latest portfolio addition, it was on the back of an impressive and growing Annual Recurring Revenue (ARR) base. Today, Vonex announced its ARR will continue to grow via the acquisition of telecommunications Nextel justifying our position in the company.

Vonex to acquire Nextel boosting ARR by circa $1M

Vonex Limited (ASX: VN8) has today announced its intention to acquire Nextel’s business and operations as a going concern. The acquisition will provide an immediate boost of approximately $1 million to Vonex’s base of annualised recurring revenue.

Wholesale and Retail divisions continue to drive Vonex’s impressive growth

Telecommunications service provider and innovator Vonex Limited (ASX: VN8) has provided a positive update regarding continued growth across the Company’s Retail and Wholesale divisions.

$31M ASX Small Cap Telco Posts $16.7M Annual Recurring

Recurring revenue, facilitated by the acquisition of 2SG, has provided Vonex with forward earnings predictability. The 2SG acquisition cannot be underestimated, having provided Vonex (ASX: VN8) with substantial sales momentum.

Meet Our Latest ASX Tech Portfolio Addition: VN8 is a Company Transformed

After following the story for a while, and having familiarised ourselves with management and the company, we have decided to take a long-term position in Vonex (ASX: VN8).

88% Revenue Growth for Vonex (ASX: VN8) - More Upside Ahead?

Vonex (ASX: VN8) demonstrated an 88% increase in annualised recurring revenue during fiscal 2020 to $16.4 million. The acquisition of 2SG has also been one of the company’s key achievements.

Pac Partners sees 75% share price upside in Vonex

PAC Partners believes there is significant share price upside for Vonex, setting its price target at 20 cents per share

Vonex shares respond positively to stellar June half performance

Vonex Ltd (ASX:VN8) shares traded 9% higher in response to a strong June half which featured outstanding growth in recurring revenues

Spirit Telecom launches NBN enterprise ethernet products

Spirit Telecom’s Spirit X platform has launched the NBN Enterprise Ethernet (NBN EE) range to its resellers and customers

Vonex cashed up to leverage off 2SG acquisition

Telecommunications innovator Vonex Limited has received a royalty cash inflow of $1.75 million.

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