Posts Tagged ‘Broadband’

ASX Company News: iiNet Secures More International Bandwidth

Wednesday, July 25th, 2012

iiNet Limited (IIN) has announced a significant international capacity supply agreement with Southern Cross Cables Limited for the upgrade from 20Gbps to 200Gbps of fully protected diverse path international bandwidth capacity. The multi-year agreement increases iiNet’s international bandwidth capacity and strengthens the ability to provide increased levels of content, applications and enhanced services in a cost effective manner in the move towards the NBN. The agreement extends iiNet’s relationship with Southern Cross Cables Limited, supplier of the fastest and most secure international bandwidth from Australia and New Zealand into the USA.

iiNet’s Chief Executive Officer, Michael Malone, said the agreement was further evidence of the benefits that come as a result of delivering on the iiNet strategy. “The continuation of our growth strategy following the acquisitions of TransACT and Internode has cemented our position as the second largest DSL provider in Australia. “This growth has translated into improved supply agreements and commercial returns, making way for the delivery of even more innovative products and services,” Mr Malone said.

iiNet is Australia’s second largest DSL Internet Service Provider (ISP) and the leading challenger in the telecommunications market. It employs more than 2600 inquisitive staff across four countries and support over 1.7 million broadband, telephony and Internet Protocol TV (IPTV) services nationwide.

www.iinet.net.au

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ASX Company News: Big Air Group Acquires Link Innovations

Tuesday, July 3rd, 2012

BigAir Group Limited (BGL) is pleased to announce that on 29 June 2012 it entered into a share sale agreement to acquire all of the shares in fixed wireless network operator Link Innovations Pty Ltd. The acquisition of Link is consistent with the companies acquisition strategy since it operates a high speed fixed wireless network with a high quality corporate customer base. Link has a complementary wireless network that extends the reach of the BigAir footprint in several key markets. This acquisition further cements BigAir’s position as the leading fixed wireless operator to the business and wholesale markets across Australia. The acquisition is expected to deliver significant cost, revenue and capital expenditure synergies.

BigAir will acquire Link for total consideration of between $1.75 million and $2.75 million based on the performance of Link in FY13 and FY14. Consideration consists of Fixed payment of $0.80 million in cash payable on completion;  Fixed payment of $0.25 million in BGL shares at 37 cents 1 on completion ; Fixed payment of $0.70 million in cash payable 12 months from completion; and  payment of up to $0.5 million in cash payable within 30 days of the finalisation of FY2013 audited accounts based on revenue achievement with the minimum revenue hurdle of $2.4 million

Link Innovations operates its own high-speed business to business Fixed Wireless Ethernet Broadband network. The network spans throughout Sydney, Melbourne, Perth, Brisbane, Newcastle and a number of regional markets including Gosford, Coffs Harbour, and Dubbo. Link will operate as a wholly owned subsidiary within the BigAir Group, and the Managing Director of Link, Jerry Wolsztyniak, will remain with Link. BigAir owns and operates Australia’s largest metropolitan fixed wireless broadband network. The Australian business market comprises nearly one million businesses, and BigAir’s network provides near blanket coverage across its nine largest cities Sydney, Melbourne, Brisbane, Perth, Adelaide, Newcastle, Gold Coast, Sunshine Coast and Darwin, with further rollout planned in several new markets. BigAir provides broadband and data services primarily through its channel partners who include ISPs, Carriers, and other IT service companies who have existing relationships with business customers in order to deliver BigAir’s high speed, cost effective fixed wireless broadband solutions.

www.bigair.com.au

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ASX Company News: Chorus Extends Rural NZ Fibre Network

Wednesday, April 18th, 2012

Chorus (CNU) is to extend the reach of fibre to many more schools, hospitals, integrated family health centres and now libraries after being selected by the Government to help deliver the second phase of the Rural Broadband Initiative (RBI).

Chorus CEO Mark Ratcliffe said they are delighted to have been selected to help build more of rural New Zealand’s fibre future.  “Chorus’ existing 29,000km fibre network means we can quickly connect these community focal points and we will work with local communities to complete this rollout by the end of 2015,” said Ratcliffe.

In return for completing its RBI Phase 2 deployment in the North Island, Central and Lower South Island, Chorus will receive a large portion of the $12m allocated by the Government, as well as a small share of the $2.4m funding for remote schools.

Chorus’ deployment plans for RBI Phase 2 are close to being finalised and will be published on its website before the end of April 2012.  Since beginning its work on the RBI in July last year, Chorus has deployed 345km of RBI fibre connecting 234 rural schools and 104 fibre-fed roadside cabinets, putting fixed line broadband within reach of thousands of rural homes and businesses.

www.chorus.co.nz

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ASX Company News: Vocus Communications Expands To Singapore

Thursday, November 24th, 2011

Vocus Communications (VOC) has announced the further expansion of its international plans by establishing a Vocus Point of Presence (PoP) in Singapore. The expansion is underpinned by the acquisition of capacity on the SeaMeWe-3 Perth to Singapore cable system. The expansion is a significant milestone as it enables Vocus to provide customers with access to the lowest latency and only direct path between Australia and South East Asia, with all other Asian submarine systems going via Guam or Japan. The new PoP in Singapore is located in the Equinix data centre and connects directly back to the Vocus’ Perth iX data centre via capacity on the SeaMeWe-3 cable system. The Vocus Singapore expansion is now live and Vocus has already signed its first major customer for the service.

James Spenceley, Vocus CEO, explains that the new PoP and capacity will deliver faster connection speeds to important content and corporate hubs in South East Asia and will be specifically very attractive to the banking and finance markets. “Our customers will see reduced latency and improved performance to all major destinations in South East Asia. With the growing demand for Ethernet and IP connectivity to countries such as Singapore and Hong Kong, there’s no doubt that this faster connection will have a very positive impact on both our current and potential customers,” he said.

Vocus (VOC) Vocus Communications is an ASX listed leading telecommunications provider of Data Centre, Dark Fibre, and International Internet connectivity across Australia, NZ and the US. The company provides high performance, high availability, and highly scalable communications solutions, which allow service providers to quickly and easily deploy new services for their own customer base.

www.vocus.com.au

http://www.traderdealer.com.au/fundamentals/voc

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ASX Company News: iiNet To Acquire Transact Communications

Tuesday, November 22nd, 2011

iiNet Limited (IIN) is pleased to announce that it has entered into a binding agreement to acquire TransACT Communications Pty Ltd, a leading Canberra‐based telecommunications company, for $60 million. TransACT has operations in the ACT, Queanbeyan, and regional Victoria, with 40,000 customers across the residential, SME, corporate and government market segments.

iiNet’s Chief Executive Officer, Michael Malone, said the acquisition of TransACT was  consistent with iiNet’s strategy of building scale through consolidation and cemented the  Company’s position as “the new number 2 provider” of DSL broadband. “iiNet’s acquisition of TransACT represents an attractive strategic opportunity to build scale  in the ACT market quickly and efficiently.  In particular, TransACT’s experienced and  passionate management team will allow iiNet to grow its presence in the SME, corporate and  government market segments, a key growth area for the Company.

Under the sale and purchase agreement, iiNet will pay $60 million for TransACT. The acquisition will be 100% funded through existing cash and debt facilities.  Completion is subject to a number of procedural conditions and is expected to be achieved by 30 November 2011.

iiNet is Australia’s second largest DSL Internet Service Provider and the leading challenger in the telecommunications market.  It employs nearly 2,000 inquisitive staff across four countries and support over 1.3 million broadband, telephony and Internet Protocol TV (IPTV) services nationwide.

www.iinet.net.au

http://www.traderdealer.com.au/fundamentals/iin

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ASX Company News: Transfield Services Secures Broadband Fibre Contract

Wednesday, September 7th, 2011

Transfield Services (TSE) has signed a A$133 million contract with NBN Co to design and construct the fibre optic network in Victoria over the next two years. The contract is for two years with an option to extend for a further two years with a potential value of up to $395 million if the option is taken up. Work will commence in October 2011, subject to satisfaction of several conditions precedent.

“We are pleased to use our expertise in the design, construction and maintenance of telecommunications assets to play a greater role in the delivery of one of the most significant nation building infrastructure projects ever undertaken in Australia,” said Transfield Services Managing Director and Chief Executive Officer Peter Goode. “In addition to our technical experience, Transfield Services can offer NBN Co a uniquely integrated knowledge-based service that includes our in-house design, aerial services and project management capabilities.”

In June 2011, Transfield Services completed the construction of the fibre optic network at one of the first release sites located in the southern New South Wales coastal communities of Minnamurra and Kiama Downs. Transfield Services was also recently awarded NZ$462 million in contracts as part of the rollout of New Zealand’s Ultra Fast Broadband network. Transfield Services has an extensive telecommunications business across Australia and New Zealand. Clients include Telstra, Chorus, Enable Networks, Transpower, Meridian Energy and New Zealand’s Department of Conservation.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 26,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/fundamentals/tse

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ASX Company News: Go Connect To Launch Asian Language Internet TV

Wednesday, April 20th, 2011

GoConnect (GCN) is pleased to announce it has joined forces with Netbay Internet, an Australian based Broadband Service provider, to launch a number of Asian language IPTV channels on GoConnect’s IPTV network of properties.

GoConnect’s network of IPTV properties have expanded rapidly since July 2010 when the Company’s uctv.fm music IPTV channel went live on the Sony Bravia Internet Video Service. Since then the network has expanded in both distribution platforms as well as content channels.  The GoConnect IPTV network includes web TV on www.uctv.fm, the LG Netcast IPTV platform, and the mobile version of uctv.fm on most major smartphone brands accessible through their mobile browsers and via the uctv.fm app on Windows Phone 7.  A recent addition to the network is The Business Show channel hosted by Walkley award winning journalist Adam Shand and is now live on www.thebusinessshow.tv on the web as well as on smart phones.

Netbay Internet is a Victoria based broadband ISP that provides IPTV service through its subsidiary company MyiTV. MyiTV is currently providing Triple-Play Services: ADSL2+ Broadband, VOIP and IPTV subscription service of Cantonese and Mandarin Speaking television channels through its multi-casting IPTV network under its agreement with Television Broadcasting Australia (“TVBA”).   TVBA is the Australian subsidiary of TVB, the dominant free to air TV network in Hong Kong.

www.goconnect.com.au

http://www.traderdealer.com.au/Fundamentals/gcn

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ASX Company News: Eftel Acquires Rabbit Internet

Sunday, November 28th, 2010

Eftel Ltd (EFT) announced the acquisition of Melbourne-based retail ISP Rabbit Internet. Rabbit adds over 1500 active Internet and telephony accounts.

CEO John Lane commented, “Eftel has traditionally grown strongly by acquiring ISPs, and is now seeking renewed inorganic growth. These smaller customer bases can be added with very little incremental cost, making them very beneficial to the company. “The network team has recently completed a major renewal and virtualisation programme of the core server infrastructure, giving us the necessary resources to grow more efficiently.” The purchase is immediately earnings accretive. Eftel is seeking further similar opportunities and is presently reviewing other potential acquisition targets. “In an intensely competitive environment there is a minimum scale which is absolutely necessary to remain profitable. Hopefully we can continue to provide an exit opportunity for the smaller players, realizing some value for all of their hard work and also delivering value for Eftel shareholders,” Mr. Lane explained.

Eftel Ltd is a multiple award winning Internet and telecommunications provider. Through ownership and partnership it operates the BroadbandNext network, Australia’s sixth largest broadband footprint. Eftel has offices in Perth and Melbourne and operates a state-of-the-art Business Processing Centre located at Cyberjaya in the heart of Kuala Lumpur’s Multimedia Super Corridor. Eftel operates wholesale, retail and corporate divisions that utilise these resources. Eftel Corporate is among Australia’s most reliable ISPs, offering tailored solutions to business and government clients throughout Australia. It is a preferred supplier to the Victorian Government. Eftel Retail is a Top 10 Internet Service Provider offering a full suite of consumer Internet products. Its dedicated broadband service aaNet is one of Australia’s most popular ADSL providers. Eftel Wholesale services a quarter of Australia’s ISPs with a range of services including IP, co-location, dialup ports and DSL Broadband.

www.eftel.com.au

http://www.traderdealer.com.au/Fundamentals/eft

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ASX Company News: TPG Telecom To Build Fibre Based Network For Vodafone

Thursday, November 18th, 2010

PIPE Networks Pty Limited (PIPE), a wholly owned subsidiary of TPG Telecom Limited (TPM) announced the signing with Vodafone Hutchison Australia Pty Limited (VHA) for a high speed fibre based network by way of an Indefeasible Rights to Use (IRU) telecommunications agreement. Under the agreement, PIPE will provide capacity on its existing fibre network and also roll out approximately 900 kilometres of new dark fibre over two years, providing connectivity between select VHA sites in Queensland, New South Wales and Victoria. This represents a 60 per cent increase over PIPE’s existing network footprint of approximately 1500 kilometres and cements PIPE’s position as Australia’s third largest metro dark fibre provider.

“The growth in mobile internet devices and associated data usage in recent years has seen mobile carriers invest heavily in their networks to enhance their customers’ mobile experience. I am delighted that VHA has chosen PIPE Networks to be a significant part of their overall investment in their high speed network,” said Jason Sinclair, CEO of PIPE Networks. “This is the largest customer contract in the history of PIPE Networks and continues an excellent year for PIPE which has seen the addition of several high profile clients to our customer base.”

The contract is the latest in a series of significant investments that VHA has made into the Vodafone 3G network to bring a stronger, better network to the more than 7 million customers they service nationally. Design and delivery of the network will be handled by PIPE’s ISO 9001 certified Fibre  Operations and Provisioning Team. Initial designs are well under way and first services under the contract will be delivered mid-2011. The size of the network build (900km) will increase capital expenditure in the years FY11 – FY13 but otherwise is not expected to have a material impact on the TPG Group’s results for FY11.

PIPE Networks is a provider of dark fibre, tele-housing and managed solutions across all State capital cities of Australia. It also owns and operates a 6900km undersea cable system between Sydney and Guam that allows direct connectivity to the USA and South-East Asia. PIPE Networks is a wholly -owned subsidiary of TPG Telecom Limited (TPM), one of Australia’s largest providers of telecommunications services to retail, corporate and government sectors.

www.pipenetworks.com

http://www.traderdealer.com.au/Fundamentals/tpm

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iiNet Acquires Netspace

Tuesday, March 30th, 2010

iiNet Limited (IIN) is pleased to announce that it has entered into a binding agreement to acquire Netspace.

iiNet Chief Executive Officer, Michael Malone, said the acquisition would consolidate the company’s position  as the leading challenger brand in the Australian telecommunications market.  “This acquisition will bring iiNet closer to our target of fifteen percent market share in the fixed line broadband market prior to the commencement of the National Broadband Network,” Mr Malone said.   “Netspace  is  a  natural  fit  for  iiNet  given  the  strong  alignment  of  the  companies’  products, networks  and cultures.  It is a great business, having grown strongly in the residential market, and has a loyal customer base given its customer service focus.

Acquisition of Netspace is consistent with iiNet’s strategy to grow through consolidation . It lifts iiNet’s market share to 12.4%, and towards its 15% target, with an increase of over 70,000 broadband customers to more than 520,000 broadband customers, and an increase of over 120,000 active services to around 920,000 total active services . Netspace has a strong business with high historic subscriber growth rates and low churn. It also strengthens iiNet’s market position in the key markets of Victoria, New South Wales, and Tasmania.  This acquisition has significant potential to generate substantial synergies given the complementary nature of both businesses. iiNet expects to realise significant potential synergies through the migration of Netspace customers to iiNet’s  network  and  through  lower  bandwidth  costs.    Potential  synergies  are  expected  to  be  $2  million  in  the  first  year, and $5 million in the second year of iiNet’s ownership.

Under the sale and purchase agreement, iiNet will pay $40 million for Netspace.  The acquisition consideration will be 100% debt funded.  Completion is subject to a number of procedural conditions and is expected to be achieved by 30 April 2010.

www.iinet.net.au

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