Acquisition, integration and restructuring costs throw Comms Group into the red
Despite revenue of $41.3 million.
Source: arnnet.com.au
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Melbourne telco Binary Networks acquired by Comms Group
ASX-listed cloud communications and telco services company Comms Group has acquired Melbourne-based Binary Networks for $1.8 million. Binary Networks provides telco services to small to medium-sized enterprises (SMEs) via a Layer-2 data network with points of presence in Sydney, Melbourne and Brisbane. It also operates a fixed wireless service in the rural Queensland town of Goondiwindi. Binary also has engineering capabilities with data networks, advanced voice services and internet protocol (...
Source: crn.com.au
Comms Group buys up Binary Networks for $1.8M
Comms Group buys up Binary Networks for $1.8M Expands footprint into SME sector. Peter McGrath (Comms Group) Credit: Supplied Comms Group has made a foray into the small- to-medium-sized business (SMB) market with the acquisition of Melbourne-based communications service provider Binary Networks. The $1.8 million deal will see Binary founder Michael Diamond join Comms Group as head of systems and M&A systems integration, through which he will assist with future acquisitions. ...
New South Wales Michael Diamond Peter Mcgrath Comms Group Binary Networks National Broadband Network
Source: arnnet.com.au