Optus buy Reef Networks

1 Apr 2005

Australian telco SingTel Optus has acquired fibre optic network operator Reef Networks for around AUD71.6 million. The telco hopes that the move will help to expand its network coverage in Australia and keep up with the increasing competition in the market. Reef’s network covers the area between Brisbane and Cairns in the north eastern state of Queensland.

Australia, Optus