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COMMS GROUP LTD — M&A Activity 2021
Aug 29, 2021
64618_rns_2021-08-29_653e80af-9ea7-40b5-b398-1c51d62fad69.pdf
M&A Activity
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Comms Group Limited 6 / 56 Clarence Street Sydney NSW 2000
ASX: CCG
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ASX Release 30 August 2021
Comms Group Announces Completion of Acquisition of Switched On Australia (”Switched On”)
Comms Group Limited (ASX: CCG) (“Comms Group” or the “Company”) is pleased to announce the completion of the acquisition of Switched On Australia (”Switched On”) .
As reported on 10[th] August 2021, Comms Group acquired the assets, customers and brands of Switched On, a Melbourne based telecommunication service provider focused on the SME market. Switched On’s services include voice & data solutions, mobile services, business phone system installation and maintenance and managed IT support services.
The acquisition further strengthens our position in the Melbourne market and bolsters our sales capability in this region.
Authorised for release by the Board of Comms Group Limited.
FOR MORE INFORMATION
Peter McGrath Maude Lacasse Chief Executive Officer Investor Relations [email protected] [email protected]
ABOUT COMMS GROUP
Comms Group provides cloud communications, data and value-added services for business. The company is delivering on its three key strategic growth pillars of International (16 points of presence globally covering 100+ countries); Domestic - through the Next Telecom brands; and Wholesale and Partner services.
Domestic SME/Corporate Services (branded Next Telecom) – domestically: the group delivers a vast array of comms services for businesses including, Fibre, NBN, IP voice, inbound/toll-free, wrapped into an award-winning state-of-the-art service layer.
International Services (branded Comms Group): the group uses its cloud based global business phone platform and its global Microsoft Teams Direct Routing telephony calling platform covering 100+ countries, for corporate customers in multiple regions, delivered on one bill.
Wholesale and Partner Services (branded Comms Group) – both domestic & international: offering all our retail technologies and key wholesale services and leveraging our international network, to key wholesale and partner customers