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
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