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 moreMacquarie Telecom raises $20 million
Stuart Corner
Sunday, 27 November 2005 16:43
In a statement to the ASX, the company said it had secured an amount of external, asset-backed funding and was in the final stages of negotiating additional asset-backed funding, with the total of the two being up to $20 million. "This funding will comfortably cover the company's capital investment requirements. The business currently has and will maintain a healthy balance sheet." The statement said.
"The company's capital expenditure plans have been previously announced and guidance on capex has been issued. The largest capex item is the metro access network. Macquarie Telecom will complete the role out of the metro access network in 2006, and expects the total capital investment to be approximately $9 million, in line with expectations. Of the $9 million, $7 million will be spent in the 2006 financial year. Recurring core capital expenditure is expected to be approximately five percent of revenue."
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