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Melbourne-based NBN reseller and white-label telco More Telecom has acquired Geelong-based telco Powercom Pacific for an undisclosed sum.
The acquisition “substantially” increases More’s customer base among small and medium-sized enterprises, while also bolstering its retail business Tangerine Telecom, according to the company.
More will acquire Powercom Pacific brands Powercom, Montimedia and QTelecom and their respective customers, with all staff also joining More.
More Telecom general manager Andrew Branson said the acquisition strengthens the company further as it expands both in customer numbers and product offerings.
“The More business consistently seeks exciting expansion opportunities and with Powercom, we identified a business with complimentary cultural and business models,” Branson said.