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iTWire - Next Telecom launches Next Advantage One

iTWire - Next Telecom launches Next Advantage One
itwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itwire.com Daily Mail and Mail on Sunday newspapers.

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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.
According to publicly listed cloud communications provider Comms Group, Binary delivers Layer-2 data network roll-out to the group, with key points of presence in Sydney, Melbourne and Brisbane.
With a particular focus on SMBs, Binary’s purchase is said to further enhance Comms Group s strategy in cementing its footprint in that space, plus delivering its NBN solutions. ....

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Comms Group acquires Next Telecom, completes AUD 6.25 mln capital raising

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.
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Comms Group buys Next Telecom for $12M

Comms Group buys Next Telecom for $12M
Comms Group buys Next Telecom for $12M
Builds up Comms Group customer, product and service offerings
Credit: Dreamstime
Publicly listed business cloud communications provider Comms Group has purchased telecommunications service provider Next Telecom for up to $12 million.
Next Telecom is based in Sydney and specialises in servicing medium sized businesses providing data services, including corporate fibre and National Broadband Network (NBN) products as well as cloud IP telephony, managed IT services, managed security and other telecommunications offerings.
Comms Group CEO and managing director Peter McGrath said there was a strong rationale behind the acquisition as it provides a complementary customer base, and a good product and technology fit across voice, data and managed services. ....

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Comms Group acquires Sydney-based Next Telecom

ASX-listed cloud communications provider Comms Group has acquired Sydney-based telco and managed service provider for $8.67 million.
Next Telecom is a business telco specialising in SME and mid-sized corporate businesses, offering corporate data services (corporate fibre and NBN), cloud IP telephony, managed IT services, managed security offerings and other telco services.
Comms Group said the acquisition is “transformational” for the company, with a significant increase in scale, product offerings and customer base.
“There is strong strategic rationale for the acquisition of Next Telecom,” Comms Group chief executive and managing director Peter McGrath said.
“The acquisition provides a complementary customer base, expanding and diversifying the Comms Group’s customer base with significantly less reliance on any one customer, particularly in the corporate mid-market sector (100 seats plus). ....

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