Vocus completes $807m purchase of Nextgen
Vocus Communications has completed the $807 million acquisition of Nextgen Networks, after securing ACCC approval last month.
With the acquisition, Vocus has acquired one of Australia’s largest national fibre backhaul networks, adding to Vocus’s extensive existing infrastructure.
The Vocus network now spans over 17,000 km, connecting capital cities across Australia, and connects into more than 5000 buildings and 19 data centres.
Nextgen is also involved in the development of the North West Cable System (NWCS), designed to connect offshore oil and gas facilities in the Browse, Bonaparte and Carnarvon Basins to data centres and business headquarters on land.
“We can now connect our metropolitan infrastructure to Nextgen Networks’ inter-capital fibre-optic network, thereby connecting mainland capital cities to each other and to regional and remote areas on one owned network. The [acquisition] greatly enhances Vocus’s existing infrastructure and offers our customers significant additional network reach and national connectivity,” Vocus CEO Geoff Harth said.
“In addition, the acquisition of the NWCS development provides significant near-term upside to expand Vocus’s owned network offering. These acquisitions continue to strengthen our position as the fourth pillar in Australian telecommunications.”
Schneider Electric's EcoStruxure Building Advisor has received a Vision Award from...
Australian businesses are urged to improve customer experience and encourage customer loyalty...
IDC data predicts that Australia and New Zealand's IoT market will steadily recover in 2021,...