Telecompaper 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. Thank you for visiting Telecompaper Sign up below to get access to the rest of this article and all the telecom news you need.