ACCC gives nod for Vocus’ acquisition of Nextgen Networks

22 Sep 2016

Vocus Communications’ proposed acquisition of Nextgen Networks Group and two development projects – the Australian Singapore Cable and the North West Cable System – will not be opposed by the Australian Competition and Consumer Commission (ACCC). The authority said it had found that the services supplied by Vocus and Nextgen were ‘largely complementary’, adding that where there was overlap, it considered ‘the combined competitive constraint from other major wholesale suppliers, namely Telstra, Optus, and TPG, would likely be sufficient to limit any harm to competition’. Post-acquisition, Vocus reportedly plans to expand its connection points to the NBN from 68 to 112 of a possible 121 nationwide National Broadband Network (NBN) points of interconnect (POIs). Such plans, it has been claimed, will provide additional wholesale options for smaller broadband providers at those POIs and will also offer access to a broader bundle of products.

Australia, Nextgen Networks, Vocus Group (incl. Commander, Dodo, iPrimus)