Amcom nabs People Telecom's Perth fibre

in brief Western Australia-based Amcom has purchased the Perth fibre business of People Telecom, in a transaction worth some AU$6.25 million.

The move puts paid to speculation about further consolidation of the Australian telecommunications industry raised after both telcos temporarily halted trading late last Friday.

The acquired assets include a client base using fibre and DSL-based broadband services and a large datacentre facility with some 600 square metres of space. Amcom itself already has significant numbers of customers in Perth using its own fibre and broadband services.

"We see this as a strategic whole of business acquisition, consolidating our position in the Perth corporate data market," Amcom's chief operating officer and CEO heir designate Clive Stein said in a statement this afternoon. Stein was not immediately available to comment on implications for Amcom's acquired customer base.