Wednesday, June 29, 2016

Australia's Vocus to Acquire Nextgen

Vocus Communications agreed to acquire NextGen Group, including its North West Cable system and the planned Australia Singapore Cable.

Vocus Communications, which is headquartered in Sydney, owns a significant fibre network across Australia and New Zealand. Vocus also owns and operates 18 data centers across Australia and New Zealand.

The deal includes Nextgen’s 17,000km national fiber network, the almost‐completed subsea Port Hedland to Darwin cable and the proposed Perth to Singapore subsea cable. The Nextgen Group will continue to own its data center business, Metronode, which operates as a separate entity.

Nextgen Group is owned by the Ontario Teachers’ Pension Plan (71%) and CIMIC Group Limited (29%). Both OTPP and CIMIC Group will retain ownership of the Group after the sale.

https://www.nextgengroup.com.au
http://www.vocus.com.au/

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