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Comms Group Ltd. (Australia) ( (AU:CCG) ) has provided an announcement.
Comms Group Limited has announced the acquisition of TasmaNet and select assets from Field Solutions Holdings Limited, which recently entered voluntary administration. This strategic move is expected to enhance Comms Group’s service offerings, particularly in Tasmania, where TasmaNet is a leading provider of premium data communication services to government and businesses. The acquisition is anticipated to add significant recurring revenue and EBITDA to Comms Group’s financial profile, strengthening its market position and operational capabilities.
More about Comms Group Ltd. (Australia)
Comms Group Limited is a specialized provider of cloud communications and managed IT services, operating in Australia, Singapore, London, and the Philippines, with a strong presence across the Asia-Pacific region. The company focuses on three main divisions: Cloud Comms & Collaboration, Secure Modern Workplace Solutions, and Global UCaaS & Wholesale, targeting both domestic and global enterprises.
Average Trading Volume: 343,795
Technical Sentiment Signal: Sell
Current Market Cap: A$23.42M
See more data about CCG stock on TipRanks’ Stock Analysis page.