Axicom, a telecommunications company, has been acquired by the Australia Tower Network.
The acquisition will see Axicom merge with ATN’s tower business, which will create the leading tower infrastructure provider in Australia.
The move is part of ATN’s strategy to build a leading telecommunications network in the country. The combined company will have over 4,000 sites and another 700 sites in development.
ATN CEO, Cameron Evans, said that the acquisition will help the company provide better services to its customers. “Our new business will offer solutions that complement our existing infrastructure footprint and value add with additional data services. This will ultimately benefit our customers and the broader community.”
A little on ATN’s journey…
In November 2021, Singtel the parent company of Australian telecommunications carrier Optus, sold 70% of Australia Tower Network to AustralianSuper which is Australia’s largest superannuation fund.
ATN now operate independently under the AustralianSuper banner and as part of this divestiture, they’re required to operate securely with its own IT environment with an “ambition for ATN to develop a world-class digital infrastructure business and by developing close working relationships with our customers, be better able to meet the rapidly advancing digital needs of our society and local communities.”
Fast forward to April 2022, ATN announced the purchase of Axicom, which is Australia’s largest independent mobile tower owner spanning eight states, territories, and major cities across Australia.
The challenges that the combined company will face include integrating its systems and processes and managing a larger portfolio.
“Over the next few months, we will be harmonising processes, systems, and technology to get the best of both companies for the benefit of our customers and our people,” Mr Evans said.
The acquisition of Axicom by ATN will help provide strategy shareholder value that will “thrive in the long-term.” which bring exciting endeavours ahead.