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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.

Parties

Talk to the deal team

Scott McInnes

Managing Director
Melbourne, Australia
Oaklins Henslow

Sebastian Bell

Director
Sydney, Australia
Oaklins Henslow

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