BigAir buys Link Innovations

 

Gains business parks, union.

Fixed wireless operator BigAir has purchased rival Link Innovations, gaining clients in capital cities and some regional areas.

The acquisition, worth up to $2.75 million depending on Link's performance over the next two financial years, is expected to add $2.8 million in revenue across the 2012-2013 financial year.

It is also expected to contribute up to $800,000 in earnings before interest, tax, depreciation and amortisation for the financial year after integration.

"Earnings in subsequent years are expected to further improve following completion of network integration," the company said in a statement.

BigAir said the acquisition would provide an "expanded network footprint and service offerings".

Link's public clients include the media and journalism trade union, and Norwest Business Park in Sydney's north-west.

It is the second such acquisition for BigAir in the past month, after it snapped up Queensland wireless operator Allegro Networks for $10.5 million in late May.

The company has targeted mining, defence and student accommodation markets as key growth areas in coming years.

Copyright © iTnews.com.au . All rights reserved.


BigAir buys Link Innovations
 
 
 
Top Stories
Don’t mention digital disruption to David Whiteing
Buzzwords don’t curry favour with CBA's new CIO - it’s all just innovation to him.
 
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  43%
 
No
  57%
TOTAL VOTES: 614

Vote