Australian telco Telstra is mulling a bid for NextGen Networks, despite concerns from the antitrust regulator.
Leighton Holdings said in September that it was considering selling off its key telecoms asset NextGen Networks, as well as Metronode and…
Australian telco Telstra is mulling a bid for NextGen Networks, despite concerns from the antitrust regulator.
Leighton Holdings said in September that it was considering selling off its key telecoms asset NextGen Networks, as well as Metronode and Infoplex assets, according to Dow Jones.
NextGen owns and operates a fibre optic network, Metronode owns data centres and Infoplex offers cloud computing services.
“We’re just having a look,” said a spokeswoman for Telstra cited by Dow Jones, although other media reports suggest that the company has formerly entered the sale process.
Rod Sims, chairman of the Australian Competition and Consumer Commission, told a local paper that the regulator would scrutinise any acquisitions made by Telstra or its competitor SingTel Optus. “If either of those two are thinking about buying it [NextGen], we would have to look at it very, very closely,” he said.
Macquarie Capital is advising Leighton on the sale.
Telstra also announced yesterday that it has issued A$750m benchmark bonds as part of its debt financing programme.
The new notes have a 4% coupon and mature on 15 November 2017.
