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
Perkbox has been acquired by Great Hill Partners
Molten Ventures has sold Perkbox to Great Hill Partners.
Learn moreArculus Cyber Security has been acquired by Bridewell
The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.
Learn morePCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Learn more