- Vonex (VN8) shares are up again after the telecommunications company signed a wholesale agreement with Orange Business Services
- Via its subsidiary 2SG Wholesale, Vonex agreed to provide business-grade mobile broadband services to Orange Business Services
- Through the multi-year agreement, Vonex will support Orange Business Services’ expansion in Australia
- Orange Business Services currently has 3000 multinational clients, spread out across a wide range of industries
- Vonex is up 27.49 per cent and trading at 32 cents per share
Vonex (VN8) shares are up again after the telecommunications company signed a wholesale agreement with Orange Business Services.
Orange Business Services is a network-native digital services company, which provides business-grade mobile broadband services throughout Australia. It is the business arm of Orange Group, a global integrator of communications products and services for multinational corporations.
Vonex signed the multi-year wholesale agreement with Orange Business Services through its wholly owned subsidiary, 2SG Wholesale.
Under the agreement, the company will provide Orange Business Services with business-grade mobile broadband services throughout Australia. In doing so, Vonex will support the Australian launch of new products for Orange Business Services’ enterprise customers.
Currently, Orange Business Services has 3000 multinational clients. The company delivers enterprise connectivity to customers in a variety of industries, including automotive, mining, oil and gas, and public sectors.
In the public sector alone, Orange Business Services caters to clients in Internet of Things, connectivity for transport, logistics, and smart cities.
Vonex’ Managing Director, Matt Fahey, commented on the company’s wholesale agreement with Orange Business Services.
“We are delighted to partner with Orange to support Orange Business Services’ expansion plans in Australia,” he said.
“Signing this agreement is testament to the growth and maturity of our offer to small, medium, and enterprise customers, as we are seeing strong growth across both existing and newly-launched products,” he added.
Vonex shares are up 27.49 per cent, trading at 32 cents per share at 12:01 pm AEDT.