Sydney, Dec 5, 2016 AEST (ABN Newswire) - MNF Group (ASX:MNF) today announced the significant expansion of its global TNZI operation by successfully opening a new Point of Presence (PoP) facility in Hong Kong. The new PoP makes TNZI a carrier of choice for European and US telcos seeking to expand in the fast-growing Asia Pacific market.

"The Hong Kong PoP completes MNF Group's global network ring and will ensure we are well placed to grow our business in the lucrative Asian region," said Rene Sugo, CEO of MNF Group.

"Several of the largest global telecommunication corporations are already set to take advantage of the Group's Hong Kong PoP facility, including PCCW Global, SoftBank Corp, M800 and NTT Communications. Operators will also benefit from more interconnect options, increased diversity within the core network and new traffic route options that will drive call quality and cost efficiency," Sugo added.

Emerging new-generation call providers in the region will also benefit from MNF Group's vast array of specialised voice capabilities, enabling them to deliver additional features and value for their end-users.

"MNF Group aims for TNZI to become the 'go to' carrier for those providers who are looking to innovate in the voice communications space. Our investment in this new Hong Kong PoP will allow us to compete more effectively for a larger share of the enormous Asian market and ensure our global voice network is able to carry the growing volume of traffic on direct routes between Asia, Europe, the Americas and ANZ," Mr Sugo said.

The launch of the Hong Kong PoP facility follows TNZI being granted the Services-Based Operator Licence for provision of external telecommunications services (ETS) by the Office of the Communications Authority in Hong Kong. Prior steps in building the global network ring included the upgrade of MNF Group's London and Los Angeles PoPs.

Business Outlook and Guidance

MNF Group is re-iterating its earlier guidance from October 2016, where it is targeting organic EBITDA growth in the current financial year of 25% to $22.3m and NPAT growth of 22% to $11.0m. The company is on track with these budget estimates and will provide further updates in February 2017 with the half year result.


About MNF Group Ltd

MNF GroupMNF Group Limited (ASX:MNF) is an integrated telecommunications software and network provider, specialising in Internet communications. MNF Group was founded in 2004 and listed on the ASX in 2006. The company has 72.8 million shares on issue and has operated profitably since 2009 paying dividends to its shareholders every six months since September 2010.

The Group operates a global Smart Network carrying over 6 billion voice minutes per annum, with Points of Presence (POPs) in Los Angeles, New York, Hong Kong, Singapore, London, Frankfurt, Sydney and Auckland. Domestically, the Group operates the largest, fully interconnected IP Voice network in Australia.

MNF Group has a reputation for quality, value and innovation, being the recipient of numerous awards including the ACOMMS award for innovation (2017, 2016), Edison Award (2017), the Australian Growth Company Awards (2016), the iAwards for Innovation (2016), Forbes Asia’s 200 Best Under a Billion (2014 & 2015), Deloitte Technology Fast 50 (2008, 2009, 2010, 2012, 2013, 2014) and CeBIT Outstanding Project Award (2013), and many more.

MNF Group companies includes retail brands: MyNetFone, Connexus, CallStream, PennyTel and The Buzz; conferencing brands Ozlink, Eureka, Express Virtual Meetings and wholesale brands TNZI, Symbio Networks and iBoss.

For further information about MNF Group Limited please visit: http://mnfgroup.limited/

  


Contact

MNF Group Limited
Rene Sugo
CEO
T: +61-2-9994-8590
E: rene.sugo@mnfgroup.limited
WWW: www.mnfgroup.limited



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