2 Oct 2009

Zintel completes takeover of Cogent

2:07 pm on 2 October 2009

Zintel Group has completed its $1.9 million takeover of business telecommunications firm Cogent Communications.

The combined revenue of both companies is expected to exceed $60 million annually. It will have 250 employees in New Zealand and Australia.

Zintel says the purchase will be funded from cash reserves. While further investment will be required, it should not require any debt funding.