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An update from Vonex Limited ( (AU:VN8) ) is now available.
Vonex Limited has announced several key developments for the quarter ending March 2025, including the appointment of Michael Blake as CEO and the successful completion of an entitlement offer and debt refinancing. The company raised approximately $13.89 million through a non-renounceable entitlement offer, which was used to repay existing debt, significantly improving its capital structure and financial flexibility. Additionally, Vonex refinanced the remaining debt with a new facility from Westpac Banking Corporation, providing longer-term financial stability. The company also received recognition from the Australian Communications and Media Authority for having the lowest number of complaints per 10,000 services for the second consecutive quarter, highlighting its commitment to operational excellence and customer satisfaction.
More about Vonex Limited
Vonex Limited is a full-service telecommunications provider offering mobile, internet, traditional fixed lines, infrastructure solutions, and hosted PBX and VoIP services, primarily targeting small to medium enterprises. The company also provides wholesale services to internet service providers and is focused on growth through mergers and acquisitions in the IT and telecommunications sectors.
YTD Price Performance: -12.50%
Average Trading Volume: 79,758
Technical Sentiment Signal: Sell
Current Market Cap: A$26.34M
See more data about VN8 stock on TipRanks’ Stock Analysis page.