Phonetime finalizes purchase of Symphony
Briefs | 01/02/2008 1:25 pm EST
Phonetime Inc. has completed the acquisition of Symphony Telecommunications LLC, broadening the reach of the Mississauga-based long distance wholesaler. Under terms of the agreement, Phonetime will pay US$14.19 million in both cash, debentures and common shares for the LD wholesale provider. Symphony has operations in South Africa. Phonetime now processes more than five billion long distance minutes and has more than $150 million in annual revenue.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.