Comms Group (ASX:CCG) has acquired Binary Networks
Comms Group (ASX:CCG), a cloud communications, data and value-added services provider, has acquired Binary Networks.
Comms Group is a leading business telecommunications service provider with a broad product suite, servicing SMEs and corporate mid-market customers. The company delivers on its three key strategic growth pillars of international (16 points of presence globally covering more than 100 countries), domestic (through the CommsChoice and Next Telecom brands) and wholesale and partner services.
Binary Networks is a Melbourne-based, B2B communication service provider that focuses on leveraging technological advances in communication to deliver more agile, innovative and cost-effective solutions to business. Products and services include hosted PBX, SIP Trunks, VoIP systems and handsets, ADSL2+, fiber, EFM, PSTN, NBN, hosting and all networking equipment.
Oaklins’ team in Australia acted as advisor to the buyer in this transaction.
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