Symbio Holdings Limited Stock Market Press Releases and Company Profile
Update on Acquisition of Business of Inabox Group
Update on Acquisition of Business of Inabox Group

Sydney, Nov 19, 2018 AEST (ABN Newswire) - On October 8 2018, MNF announced that it had entered into an agreement to acquire the Wholesale and Enablement Business of Inabox Group (googlechartASX:IAB).

The Board of MNF acknowledges that on November 15 2018, Inabox Group (googlechartASX:IAB) received a proposal for an off-market offer for the shares of IAB. This new offer in effect competes with the current offer by MNF to acquire the business assets of IAB. The IAB board has announced it will adjourn its EGM to vote on the sale of the business assets to MNF while it considers the new proposed competing offer.

MNF has analysed the current information available on the competing offer and is of the opinion that the MNF offer still provides more value to IAB shareholders. The MNF board will continue to work with the IAB board with the intention to complete our acquisition of the IAB business.


About Symbio Holdings Limited

MNF GroupSymbio Holdings Limited  (ASX:SYM) is a software company changing the way the world communicates.

Symbio's technology replaces old-fashioned telecom networks with software, making it faster and easier to deliver modern cloud-based communication services, unlocking endless new applications for calling, messaging and phone numbers.

Symbio is the backbone for the global cloud communication industry. Over 500 service providers - from telecom start-ups to the world's biggest software companies - rely on Symbio for the connectivity, quality and expertise they need to solve complex communication challenges.

Headquartered in Sydney, Symbio powers billions of calls and messages each year, owns networks in three countries and employs over 450 staff worldwide.

For more information about Symbio visit www.symbio.global

https://www.linkedin.com/company/symbio-global/ abnnewswire.com 


Contact

Miki Kando
Executive Assistant to CEO / CTO
T: +61 2 8008 8231
E: miki.kando@mnfgroup.limited



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