My Net Fone Limited (ASX:MNF) has been granted an ASX trading halt in relation to a capital raising by way of a placement to sophisticated and professional investors.
The halt will last until the earlier of the announcement being made or the start of trade on Monday, 29th June 2015.
In April, it completed the non-U.S. acquisition of the global wholesale voice business of Telecom New Zealand International (TZNI).
The sale of the U.S. based international voice business is expected to conclude following receipt of US government approvals.
My Net Fone paid A$22 million to purchase the global wholesale voice business of TZNI.
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