The purchase of Beam will be made with $6 million in cash and $700,000 in shares. The company has been on a spending spree since it debuted on the ASX in May. This latest acquisition comes less than a month after the purchase of two other telcos, Perth-based Community Communications and regional Victoria-based Speedweb. Beam Internet is the largest privately owned fixed wireless network in regional South Australia and offers wireless broadband on its own network with over 60 towers and masts. It has more than 3,600 on-net residential and SME services in operation. The Beam network covers the Fleurieu Peninsula, Barossa, Kangaroo Island, Mid North, Murray Bridge and South East regions in South Australia, and also parts of the West Victoria and Mallee regions in regional Victoria.