MyNetFone offloads fixed line customers to Southern Phone Company

By on
MyNetFone offloads fixed line customers to Southern Phone Company

MyNetFone has reached an agreement to sell its fixed line residential customer base to Moruya, NSW-based Southern Phone Company.

The deal came after a review of MNF’s legacy residential broadband business that found residential services are non-core business.

The company will still keep its MyNetFone VoIP customer base and its PennyTel mobile customer base.

“Southern Phone and MNF have been working closely together for over 18 months, jointly leveraging each other’s extensive software capabilities through API integration for number porting and other voice capabilities,” MNF said in a statement.

“The transaction is another example of the close working relationship that has developed between the two companies.”

MNF did not reveal the terms of the deal, but said the sale is not material to the company and is not expected to affect its current FY2019 forecast. The company also expects some operational cost savings once the migration is completed.

Southern Phone is an independent provider of fixed-line, mobile and internet communications services that caters to customers in regional Australia. The telco anticipates it will complete the migration of the whole customer base at the end of May 2019.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

Have you adopted agile methodologies?
Yes - And it made a big different improve productivity
Yes - But it's not made a big difference to productivity
No - But we're thinking of giving it a try
No – We’re happy with our current methods
No - Because it is a stupid idea and a fad
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?