By Corinne Reichert, ZDNet
The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose Vocus Communications' acquisition of Nextgen Networks for AU$700 million, along with the North West Cable System (NWCS) for AU$134 million and the Australia Singapore Cable (ASC) project for AU$27 million.
The regulator decided not to oppose the acquisition, finding Vocus' and Nextgen's services to be “largely complementary”. It also said the competition provided by wholesalers Telstra, TPG, and Optus would limit any potential harmful effects on the market.
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