NetComm Limited has acquired 100% of C10 Communications Pty Limited (C10).
NetComm Limited has acquired 100% of C10 Communications Pty Limited (C10). With its strengths in specialised filter products, C10 is an excellent fit with NetComms own portfolio and the firms strategic plans for expansion.
C10 previously was ultimately a 100% owned subsidiary of Lemarne Corporation Limited and is an Australian based design and manufacturing company of telecommunications products.
The strong product portfolio that comes with C10 will expand NetComms offerings to suit a broader range of international markets. Most importantly, C10 strengthens NetComm's growing relationships with recognised telecommunications carriers and ISPs. C10's current customers include:
- Primus Telecom
NetComm's Managing Director, David Stewart, said of the acquisition, We are pleased to have completed the acquisition of C10 Communications and we are confident of the underlying strength of the C10 business and the value it will bring to the consolidated NetComm Group in terms of additional client relationships, product offerings, and increased presence in NetComm's core markets.
Mr Stewart said that C10 will continue its operations as a stand-alone entity from its Regents Park (Sydney) premises and it will be business as usual.
For further information about this acquisition, please contact:
Ph: (02) 9424 2022
With over 25 years experience, NetComm Limited is Australias leading developer of broadband Internet products and services. NetComm offers a diverse broadband product portfolio addressing business, consumer and specialized vertical industries.
NetComm delivers leading data communication products, mobile broadband solutions and Internet productivity services to meet the requirement of Carriers, ISPs and System Integrators throughout the world.
The company has a history of sustained growth and innovation, and is listed on the Australian Stock Exchange (ASX: NTC).