Does anyone know the correct order of events?
Leighton Sold 70% of NextGen Networks to Ontario Teachers's Pension Fund in June 2013 at a Enterprise Value of $885M, but then it looks like they spun off some of the business in July 2013.
Infoplex was sold to Bulletproof for $3.55M, but what was Metronode's value? Surely $100M+?
I think generally the cost of putting fibre in the ground get's higher over time, because without marked improvements in laying method's, Labour costs continue to increase.
But there is obviously also a Value question, people also need to value & need the performance that the fibre can deliver. There needs to be enough demand.
For Vocus buying NextGen there is also a strategic aspect to it:
* ~ Doubled access to NBN Points of Interest.
* Prevents a competitor getting it.
You could definitely argue about price paid, but under the current arrangement I think the value of NextGen only increases going forward. More of Australia is being connected to broadband & at far higher speeds.
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