TPG and Soul to merge
2008-Feb-7, 3:30 pm
IN BRIEF | TPG and SP Telemedia (SOUL) and have announced a merger in a deal worth $250 million.
"The combined group will have one of the largest DSLAM networks in Australia and will be one of Australia's most profitable telecommunications companies in terms of profit margin", said the announcement.
"In addition to the benefits from combining the SP Telemedia and TPG networks, there will be opportunities to increase network traffic, bundle and cross-sell both companies' products, rationalise rented premises, and reduce personnel and administrative costs. Access to TPG's DSLAMs will also reduce SP Telemedia's capital expenditure as its customer base expands."
Links:
- ASX Announcement (ASX, 6 Feb 2008)