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Broadband

Comms Group acquires Next Telecom, completes AUD 6.25 mln capital raising

Monday 21 December 2020 | 18:31 CET | News
Comms Group has announced it has acquired Next Telecom, a telecoms services provider serving the SME and mid-sized corporate business markets in Australia. The acquisition is subject to shareholder approval and expected to close on or around 29 January 2021. Comms Group has also completed an AUD 6.25 million capital raising via placement to partially fund the Next Telecom acquisition and for further acquisitions which includes AUD 2.5 million conditional placement subject to shareholder approval.

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Categories: Fixed
Companies: Next Telecom
Countries: Australia
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