By Nick Sas, The West Australian
The company that gobbled up Perth’s Amcom is continuing on its acquisition streak with reports Vocus is raising $650 million to buy communications company NextGen.
The Melbourne-based firm, whcih owns multiple data centres in Perth and across the country, has long been seen as the perfect match for Vocus, which recently finalised its merger with M2 Group, owner of the Dodo and iPrimus brands. Rumours have been circulating around the two companies for the past two months and intensified earlier this week.
Fairfax Media was reporting Credit Suisse would handle the deal which could go to market as early as tomorrow morning.
NextGen, valued at about $1 billion, is also in partnership with Vocus to try and build a $200 million Perth to Singapore submarine internet cable.