The Target is a VoIP service provider headquartered in the US with additional offices in China. Its VoIP network, comprised of over 50 international points of presence, delivers approximately 25 million minutes per month of VoIP call traffic and has a total estimated capacity of approximately 60 million minutes per month.
The Acquisition, if completed, would provide Vyke with a vertically consolidated VoIP network presence in key geographical regions such as South East Asia and Africa, allowing Vyke to increase its services and lower associated costs of service supply in these regions. The Target's complementary VoIP network will provide Vyke with approximately 80% more total call handling capacity.
A further announcement with further details will be made later, following the due diligence and definite deciscion about the acquisition.