Commander telco arm sold to consortium
Mysterious outfit Commander Telecom Group (CTG), a consortium set up just two days ago, has bought Commander Communication's telco business for an undisclosed sum.
The sale to CTG is expected to be complete by 5 December, and will see the new owners take on over 400 of Commander's remaining staff, according to receivers McGrathNicol.
"This transaction concludes the sale of the core Commander businesses," McGrathNicol's Peter Anderson said in a statement.
Although some staff won't be taken on by the new owners, Anderson said a majority (amounting to over 400) had been offered ongoing employment with CTG.
"The requirements of Commander's telecommunications customers are continuing to be met by the new owners," Anderson added.
The consortium behind CTG was described by McGrathNicol as "local and internationally experienced telco investors" that specialise in the information, communications and new media sectors.
An Australian Securities and Investments Commission document search revealed that the directors of a company called NGA Software Corporation had registered CTG as a company on Wednesday.
NGA's headquarters are located in Hong Kong, however CTG has listed its main premise for business on Collins Street in Melbourne. The directors of the business, being John Francis Dunell, Khai Tri Hong, and John Peter McCoy, are also based in Melbourne, according to the ASIC documents.
NGA Software Corporation has almost no record of existing in Australia, however its directors had in 2004 filed a patent for a handheld "variable momentum monitoring system" designed to monitor share prices.
Spokespeople for the consortium were unable to respond to ZDNet.com.au's questions at the time of publishing.