Australia's Uniti Wireless Ltd. has completed the acquisitions of local communications platform-as-a-service providers Fone Dynamics Pty. Ltd. and Call Dynamics Pty. Ltd.
The company earlier said that it expects the two transactions to complement each other. After deal completion, Call Dynamics will be merged into Fone Dynamics under the latter's CEO, Jordan Grives.
The Fone Dynamics transaction is worth up to A$8.4 million, while the Call Dynamics acquisition is a A$2 million cash-and-stock deal. Both acquisitions are forecast to be materially earnings accretive in fiscal year 2020.