Aussie Broadband will command a bigger share of the expanding voice communications market after local software group Symbio agreed to a $262 million takeover.provided an independent expert finds it to be in the best interests of shareholders, and the software company, which was founded in Sydney in 2002, does not receive a higher offer.
Aussie Broadband last year acquired a voice business called Over the Wire, which competes with Symbio but is much smaller. It plans to operate Symbio as a standalone business in the near term.
Source: News Formal (newsformal.com)
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