0
Broadband

Nfon completes Deutsche Telefon Standard acquisition

Friday 1 March 2019 | 15:24 CET | News
German cloud telephony provider Nfon has announced the closing of the acquisition of Deutsche Telefon Standard signed on 06 February. The existing shareholders of Deutsche Telefon Standard will receive new shares in Nfon as part of a capital increase with a total volume of around EUR 2.5 million. Nfon finances the around EUR 17 million purchase price for Deutsche Telefon Standard with the proceeds of its IPO in 2018, and with debt.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Nfon
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nfon takes over team of developers from software agency Onwerk

Published 22 Jan 2020 15:01 CET | Germany
European cloud PBX provider Nfon said that it will take over the team of developers of Mannheim-based software agency Onwerk. The ...

Nfon, Deutsche Telefon Standard start joint distribution

Published 06 Jun 2019 10:51 CET | Germany
German cloud telephony provider Nfon and its recently acquired Deutsche Telefon Standard announced the mutual sales option for ...

Nfon launches Italian sales operation

Published 26 Mar 2019 15:45 CET | Italy
Munich-based cloud PBX provider Nfon has launched sales activities in Italy, its 14th international market. Nfon Italia will ...

Nfon records 21% rise in revenues, EBITDA loss widens in 2018

Published 07 Mar 2019 15:46 CET | Europe
Revenues were up 21.9 percent to EUR 11.8 million in Q4. The EBITDA loss widened to EUR 7.7 million compared to EUR 1 million in ...

Nfon to connect Fressnapf to cloud PBX

Published 07 Mar 2019 14:52 CET | Europe
European cloud PBX provider Nfon announced a contract to connect the Fressnapf Group, a European provider of pet supplies, to the ...

Nfon moves Austrian branch to Innowerk industrial park

Published 27 Feb 2019 09:15 CET | Germany
German cloud telephony provider Nfon said it has moved its branch in Austria to the industrial park Innowerk in St. Polten. The ...

Nfon acquires Deutsche Telefon Standard for EUR 17 mln

Published 07 Feb 2019 19:57 CET | Germany
German cloud telephony provider Nfon announced the acquisition of Deutsche Telefon Standard. It expects to complete the ...