The Australian Gas Light Company has invested AU$40 million in Australia's first national Internet protocol-based wholesale carrier Comindico Holdings.
Comindico has completed raising AU$175 million in equity, it said in a statement.
Other major Comindico investors include US investment bank J.P. Morgan, AMP Asset Management and Australian media magnate Kerry Packer's family-owned Consolidated Press Holdings Group.
AGL managing director Len Bleasel said in the statement that its Comindico investment was the next stage of a plan it announced in December to enter the technology industry.
