No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreOptus moves to compulsorily acquire Alphawest
Stuart Corner
Thursday, 27 October 2005 16:03
An Optus spokesperson said: "The completion of this transaction will add significant scale to both Optus and Alphawest and provide a strong platform for growth."
Optus is paying 68 cents per Alphawest share - representing a 13 per cent premium to the Alphawest closing share price before Optus announced its offer. This values the company at $26 million.
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