Comms Group (ASX:CCG) has successfully completed a capital raising

Comms Group (ASX:CCG) has raised US$4.7 million via a placement to partially fund the Next Telecom acquisition and for further acquisitions which include a US$1.9 million conditional placement subject to shareholders’ approval. The placement was well supported by a broad range of Australia’s leading small cap institutional investors, existing shareholders and directors and senior management.

Comms Group is a leading business telecommunications service provider with a broad product suite, servicing SMEs and corporate mid-market customers and wholesale and partner customers. The company is well positioned to take advantage of strong growth in the corporate ICT market.

Oaklins’ team in Australia acted as the lead manager to the placement.

Service

Funding, debt advisory & ECM

Parties

“We are really pleased to welcome Next Telecom to the Comms Group overall business. Next Telecom is a leading and innovative service provider targeting mid-sized corporate customers, with a strong reputation for high levels of customer service. We are also very pleased to receive such a high degree of support for the capital raising from a range of new institutional and sophisticated investors.”

Peter McGrath

Comms Group, CEO and Managing Director

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Justin Lewis

Managing Director

Melbourne, Australia
Oaklins Henslow

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Scott McInnes

Managing Director

Melbourne, Australia
Oaklins Henslow

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