GenusPlus buys New Zealand telco for up to $36.5M

What's the deal? GenusPlus GroupDealroom has a profile for this one. Try Dealroom → will acquire private New Zealand telco Universal Communications GroupDealroom has a profile for this one. Try Dealroom → for up to US$42.1M (roughly $36.5 million), the company announced on Monday.

Why now? The acquisition deepens GenusPlus's push into the New Zealand market, where it has been building a presence.

The signal: The deal adds a telecommunications business to GenusPlus's portfolio, signalling continued expansion across the Tasman as the company grows its footprint beyond Australia.

Read more: businessnews.com.au

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