Reunert paid ZAR 171.9 mln for ECN

Wednesday 16 November 2011 | 11:05 CET | News
South Africa-based technology and telecommunications group Reunert paid ZAR 171.9 million for privately held ECN Telecommunications, TechCentral reported citing Reunert's 2011 financial results. Of this, ZAR 107.8 million was in the form of goodwill, which means Reunert attached a fair market value to ECN of ZAR 64.1 million. Reunert said the goodwill arises largely from synergies expected from enhancing its ability to provide fully converged communications services. Reunert acquired ECN and folded it into its Nashua Mobile subsidiary to expand its VoIP market presence. Nashua Mobile is

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Categories: Internet
Companies: Nashua Mobile
Countries: South Africa
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