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The latest update is out from Comms Group Ltd. (Australia) ( (AU:CCG) ).
Comms Group Limited has completed the acquisition of TasmaNet, a strategic move that enhances its network assets and customer base, particularly in Tasmania and regional markets in New South Wales and Queensland. This acquisition is expected to increase Comms Group’s annualized revenue to approximately $75 million, with an EBITDA of $9 million to $10 million, and has been positively received by key customers, strengthening the company’s market position and service offerings.
More about Comms Group Ltd. (Australia)
Comms Group Limited is a provider of cloud-based communications and secure modern workplace solutions. It offers a comprehensive range of advanced communications, collaboration, and IT solutions from the Cloud, specializing in secure modern workplace IT solutions, managed services, cloud hosting, cloud communications, CPaaS, and UCaaS. The company serves Australian SMEs and corporates with services including unified communications, cloud business phone systems, and secure connectivity solutions, while also providing global UCaaS and CPaaS services for international businesses.
Average Trading Volume: 362,976
Technical Sentiment Signal: Sell
Current Market Cap: A$24.92M
Learn more about CCG stock on TipRanks’ Stock Analysis page.