Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
ASX listed broadband hardware vendor, NetComm has signed a heads of agreement to acquire New Zealand-based Dynalink Modems and its 81 percent stake in its Australian distributor, Askey Australia.
The remaining 19 percent of Askey Australia is held by Askey Taiwan, the largest ADSL modem manufacturer in the world.
According to NetComm, Dynalink has been established in New Zealand for 15 years, and has been market leader for over a decade. Its range of products includes broadband ADSL, ADSL2 and ADSL2+ modems and routers, analogue modems, wireless LAN, networking solutions, USB/TV peripherals and VoIP products.
NetComm managing director, David Stewart, said: "This acquisition will allow us to capitalise on synergies between the two operations and drive significant revenue and margin growth. NetComm has been investigating expansion into the New Zealand market for the last few months and the purchase of Dynalink opens the door for us. It is a well established company with a strong reputation for service, value and innovation. It has current relationships with major retailers and established sales channels with major distributors in New Zealand."
Dynalink staff will remain following the acquisition, and both the company name and product brand will be retained. Dynalink will also begin selling, distributing and supporting NetComm branded products via its existing infrastructure. Dynalink had revenues for the year to 31 March 2005 of $A8 million.
David Bass
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