Gotalk expands phonecard business: buys World Telecom

Stuart Corner
Monday, 07 April 2008 06:59

IT Industry - Deals

Gotalk has acquired one of Australia’s largest phonecard companies ‘World Telecom’ and its phonecard: Go Bananas, Pay Peanuts, Minute Max and Stealth.

The move follows gotalk's  acquisition in June 2007 of Telstra’s international phonecards Say G’day and Super Buzz.  CEO Steve Picton said the deal "adds to our ability to have the right product for any international caller and will...improve our phonecards' unique sales revenue which currently averages around $100 million a year...gotalk handles over a billion international call minutes per year - which equates to 20 percent of all Australian outbound international telco traffic."

Picton added: “As far as World Telecom customers and retailers are concerned there will be no change as we are also retaining key management and sales staff and World Telecom will continue to operate as an independent group within gotalk."