Asian Pacific Telecommunications has been acquired by 5G Networks Limited
The Deague Group, owners of Asian Pacific Telecommunications Pty Ltd (Aptel), have sold the company to 5G Networks Limited (ASX:5GN) for US$4.72 million.
Aptel, based in Melbourne, Australia, is a voice, data and cloud communications service provider and aggregator with over 20 years history servicing over 800 mid-market corporate clients, hotel groups and commercial offices throughout Australia.
5G Networks is an innovative and new take on network access. The company provides the end-to-end control, responsiveness and upload and download speeds necessary to fully capture the value of cloud-based computing systems. This acquisition will deliver immediate scale and positive cash flow and illustrates 5G Network's strategy.
The Deague Group is a leading Australian integrated property development company.
Oaklins' team in Australia advised the seller in this transaction.
Talk to the deal team
Related deals
Niscon Inc. has been acquired by SGPS ShowRig
Niscon Inc. has been successfully acquired by SGPS ShowRig, a global provider of staging, rigging and automation for live entertainment. The acquisition reinforces SGPS Showrig’s commitment to pushing the boundaries of innovation in the entertainment industry. By adding Niscon’s unique motion-control technology to its portfolio, SGPS Showrig strengthens its ability to deliver cutting-edge, precision-driven solutions.
Learn moreFairfest Media has acquired WTE Miami
Fairfest Media, organizer of OTM, the leading travel show in Asia, has acquired WTE Miami, the fastest-growing travel trade show in the USA. The acquisition marks a significant milestone in Fairfest’s global expansion, strengthening its presence in the Americas and beyond by leveraging decades of experience and leadership in Asia and India.
Learn moreMo has been acquired by UKG
UKG Inc., an American HR technology company, has acquired Mo, a UK-based employee engagement platform previously owned by Calculus Capital. The acquisition forms part of UKG’s strategy to expand its employee engagement and recognition capabilities, with Mo’s technology now embedded within UKG Beacon, an AI-powered platform that integrates recognition with workforce analytics to help businesses improve employee engagement and retention.
Learn more