Annual Report 2018
Sydney, Sep 28, 2018 AEST (ABN Newswire) - MNF Group Ltd (
ASX:MNF) provides the Company's Annual Report 2018.
Achievements
During the year MNF Group achieved some major milestones in its cornerstone business, allowing it to invest in multiple new initiatives and growth strategies.
- New Zealand Symbio Network Roll-Out
A key pillar in the MNF Group growth strategy is regional expansion into new markets for its Domestic Wholesale products suite. The first milestone in the execution of this strategy was the upgrade and roll out of a new Symbio Network in New Zealand. This new capability will increase margins for our Global Wholesale segment, as well as providing many years of organic growth for our Domestic Wholesale segment into the regional market which is most similar to Australia. MNF Group is now the only Australian or New Zealand carrier with a homogenous trans-Tasman voice network capability.
- SuperInternet Acquisition in Singapore
Comparable to a mini-Symbio Network in Singapore, the SuperInternet group comes with a fully interconnected domestic voice network in Singapore, as well as connectivity to the national NBN network, as well as its own dark fibre assets in the Singapore CBD. The SuperInternet acquisition is predominately a capability acquisition where MNF Group is looking to accelerate its regional expansion into Asia. While the Group will now invest in upgrading and deploying its tried and trusted software eco-system into Singapore, this acquisition will save precious time in launching our Domestic Wholesale products into this new and exciting market.
- Enabling Mobility
Mobility is a key component of any communications strategy today. While MNF Group has no aspirations of building its own spectrum and tower mobile network, it will leverage its key capabilities to make mobility a significant component of its product portfolio. This year saw MNF Group achieve considerable milestones in both the Domestic Retail segment and the Domestic Wholesale segment with regards to its mobile strategy. In the Retail segment MNF Group successfully re-launched the Pennytel brand to be the new face of MNF Group's consumer segment. In the Wholesale segment MNF Group is now a significant player with its software enablement capabilities - enabling one of the largest MVNO retail brands in the country, as well as providing its own post-paid mobile wholesale aggregation services. The multi-segment approach has allowed MNF Group to become one of the fastest growing post-paid mobile user bases in Australia.
To view the Annual Report, please visit:
http://abnnewswire.net/lnk/5256828W
About Symbio Holdings Limited
Symbio 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
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