In a takeover that could effectively provide 200,000 households with telecommunication bundling services that include home phone, mobile phone, TV and Broadband Internet products, the purchase of Neighbourhood Cable by TransACT will also position themselves prominently within the Government’s National Broadband initiative.
TransACT Communications has announced it will acquire the Victorian company, Neighbourhood Cable, from 1 January 2008. The acquisition comes after a period of continuing growth by both companies and positions the enlarged entity as the second strongest telecommunications service provider in four of the top 30 population centres in Australia.
“Importantly, the acquisition positions us well to actively contribute to the Federal Government’s national broadband agenda as both companies have extensive telecommunications infrastructure in their regions.”
Read the entire announcement at TransACT.com.au
