Nextgen swallows Silk Telecom

Buy out brings city reach to interstate cyber freeway

Leighton Holdings subsidiary telco Nextgen Networks has acquired Melbourne-based ISP Silk Telecom for an undisclosed amount.

The deal will give Nextgen Networks' further reach into Perth, Melbourne and Adelaide over Silk Telecom's fibre channels, in addition to its own interstate fibre links.

Nextgen Networks managing director Phil Sykes said the deal will extend its network services to new government, corporate, and utility customers.

"Silk's significant metro and regional access networks in Western Australia, South Australia and Victoria are a natural complement to Nextgen's established inter-capital telecommunications business which is based on Australia's third largest fibre network and a market-leading suite of premium data services," Sykes said.

Nextgen's fibre network, the third-largest in the country according to Sykes, runs from Brisbane to Perth via Adelaide

The deal comes nine months after the completion of Silk Telecom's $1 million metro ethernet network.

The network runs on Nortel hardware and uses Provider Backbone Bridging (PBB) and Provider Backbone Transport (PBT) technology.

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