Fone Zone acquires two competitors

Fone Zone acquires two competitors

Brisbane-based Fone Zone has acquired fellow mobile phone retailers Let’s Talk and In Touch Communications.

The 27 new outlets increase Fone Zone's total number of stores to 83, broaden its presence in Queensland, NSW, ACT and Victoria and give it a foothold in Tasmania and WA.

Fone Zone’s CEO, David McMahon, said the acquisitions were in line with its five-year plan of operating 150 stores by 2006 and gave Fone Zone a stronger national corporate presence.

The 74 Let’s Talk and In Touch Communications staff would be retrained while the shops were rebranded and upgraded.

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