Court Greenlights MaxoTel Takeover of Vonex, Shares Set to Suspend
The Supreme Court of New South Wales has approved MaxoTel's acquisition of all remaining Vonex shares, triggering a suspension of Vonex trading and impending delisting from the ASX.
- Supreme Court approves MaxoTel scheme of arrangement
- Vonex shares to suspend trading from October 9, 2025
- Scheme becomes legally effective upon ASIC lodgement
- Vonex scheduled for ASX delisting by October 21, 2025
- MaxoTel to acquire all remaining Vonex shares
Court Approval Marks Major Milestone
Vonex Limited (ASX, VN8) has reached a pivotal moment in its corporate journey with the Supreme Court of New South Wales granting approval for Maxo Telecommunications Pty Ltd's scheme of arrangement. This legal endorsement clears the way for MaxoTel to acquire all Vonex shares it does not already own, effectively consolidating control over the telecommunications company.
Trading Suspension and Delisting Timeline
The scheme will become legally effective once the court orders are lodged with the Australian Securities and Investments Commission (ASIC), expected later on October 9, 2025. At that point, Vonex shares will be suspended from trading on the ASX, with the last day of trading also falling on October 9. The company is then set to be delisted from the exchange by October 21, marking the end of Vonex’s public market presence.
Implications for Shareholders and Market
For shareholders, this development signals a transition from public ownership to private control under MaxoTel. While the announcement does not disclose financial terms, the court’s approval and the structured timetable provide clarity on the process ahead. Investors will be watching closely for further communications regarding the acquisition’s impact on Vonex’s operations and any potential changes in strategic direction.
Vonex’s Position in Telecommunications
Vonex is known for its full-service telecommunications offerings, including cloud-hosted PBX and VoIP services tailored to small and medium enterprises. The company also supports wholesale customers through a white label model, providing core PBX and mobile broadband services. Under MaxoTel’s ownership, the future integration of these services could reshape the competitive landscape in the sector.
Looking Ahead
With the scheme now court-approved and the timeline set, the focus shifts to the implementation phase. The coming weeks will be critical as Vonex transitions away from public markets and MaxoTel assumes full ownership. Stakeholders will be keen to understand how this acquisition will influence Vonex’s growth trajectory and service offerings in the evolving telecommunications market.
Bottom Line?
Vonex’s delisting closes a chapter, but MaxoTel’s next moves will define the company’s future.
Questions in the middle?
- What are the financial terms and valuation underpinning the MaxoTel acquisition?
- How will MaxoTel integrate Vonex’s technology and customer base post-acquisition?
- What strategic changes or growth plans will MaxoTel pursue with Vonex now private?
