Comms Group (ASX:CCG) has acquired Next Telecom
Comms Group (ASX:CCG) has acquired Next Telecom.
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. Post acquisition, Comms Group will have revenues of circa US$25 million and annualized pro-forma EBITDA of over US$3 million, including synergies.
Established in 2008, Next Telecom is a telecommunications service provider servicing the medium-sized corporate business markets in Australia. The company offers national broadband network (NBN) products, corporate fiber, cloud IP telephony and managed IT services.
Oaklins’ team in Australia acted as advisor to the buyer in this transaction.
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