GenusPlus Group's Universal Communications Group Acquisition to Provide Scale to Continue New Zealand Telecom Growth, Euroz Hartleys Says

MT Newswires Live10-13

GenusPlus Group's (ASX:GNP) acquisition of New Zealand-based telecommunications construction and maintenance service provider Universal Communications Group Holdings provides the firm with the scale to continue to grow its telecommunications offering in the country, Euroz Hartleys said in a note on Tuesday.

Universal Communications Group's SiteTrax work order management system is expected to improve the company's network maintenance capability, while the tier-1 client base provides a strong base for growth.

GenusPlus continues to be well-positioned to drive multi-year, sustained, strong growth on numerous fronts.

The investment firm maintained its buy recommendation on GenusPlus with its Au$13.56 per share price target under review.

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