The changes at WorldxChange are far from over and future strategic agreements may change the company’s direction, says new co-owner and CEO Phillip Paine.
WorldxChange New Zealand management has bought the local company off its failed US owners for an undisclosed sum. The telco concentrates mostly on the toll market but dabbles in the ISP market as well. “We also sell cardphone cards,” says Paine who says it’s “business as usual” for the time being, but he hints at more changes to come.
“We have some projects and partnerships that will be announced a bit further down the track and if some of that happens the direction of the company will change a bit.” Paine plans to continue offering its current product mix in the mean time.
Paine bought the company along with senior management team Paul Clarkin and Cecil Alexander. They join Paine as directors of the company, although other staff members will have an opportunity to take part in a profit-sharing scheme.