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    <div class="moz-cite-prefix">With Level 3's credit rating, financing
      the deal may be the problem.<br>
      <br>
      On 16/11/12 10:40, Zone Networks - Joel wrote:<br>
    </div>
    <blockquote
      cite="mid:079801cdc38a$a5352880$ef9f7980$@zonenetworks.com.au"
      type="cite">
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        <p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Vocus
            + 1 </span><span
            style="font-size:11.0pt;font-family:Wingdings;color:#1F497D">J</span><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
        <p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
        <p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Would
            have been interesting to see Level 3 in Aus though<o:p></o:p></span></p>
        <p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
        <p class="MsoNormal"><b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif""
              lang="EN-US">From:</span></b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif""
            lang="EN-US"> <a class="moz-txt-link-abbreviated" href="mailto:ausnog-bounces@lists.ausnog.net">ausnog-bounces@lists.ausnog.net</a>
            [<a class="moz-txt-link-freetext" href="mailto:ausnog-bounces@lists.ausnog.net">mailto:ausnog-bounces@lists.ausnog.net</a>] <b>On Behalf Of </b>Skeeve
            Stevens<br>
            <b>Sent:</b> Friday, 16 November 2012 10:28 AM<br>
            <b>To:</b> <a class="moz-txt-link-rfc2396E" href="mailto:ausnog@lists.ausnog.net"><ausnog@lists.ausnog.net></a><br>
            <b>Subject:</b> [AusNOG] Vocus to buy
            NextGen/Infoplex/Metronode?<o:p></o:p></span></p>
        <p class="MsoNormal"><o:p> </o:p></p>
        <div>
          <p class="MsoNormal">For those that aren't subscribers to AFR
            (I'm not either!), here is a story about NextGen and
            potentially Vocus being involved.<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">If Vocus were, I'd say HELL YES! and it
            would be an awesome fit, give them new DC's and make them an
            awesome player.  Yes, everyone knows I'm a fan of Vocus, a
            lot of us in the Service Provider game are... and it would
            be amazing to see Vocus rise to this level.<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">I'm really NOT a fan of TPG having both
            Pipe Networks and NextGen (as someone who designs
            infrastructure).  The same reason goes for Telstra and Optus
            not having it.  Maybe the ACCC would stop TPG buying it as
            well (let's hope).<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">I've heard a few things at different
            events in the last couple of weeks.  Apparently Level 3 are
            no longer interested - too expensive for what it is.<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">I've also heard that the price that
            Leightons wants to these assets seem to be way more than
            what people are prepared to pay.<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">...Skeeve<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">---<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal">From the AFR: (<a moz-do-not-send="true"
href="http://www.afr.com/p/opinion/mixed_bag_of_contenders_mulls_leighton_DaVoj8N1t22wY0436jXHnI">http://www.afr.com/p/opinion/mixed_bag_of_contenders_mulls_leighton_DaVoj8N1t22wY0436jXHnI</a>)<o:p></o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><o:p> </o:p></p>
        </div>
        <div>
          <div>
            <p class="MsoNormal"><b>Mixed bag of contenders mulls
                Leighton assets</b><o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">PUBLISHED: 16 Nov 2012 PRINT EDITION:
              16 Nov 2012<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Edited by Sarah Thompson and Anthony
              Macdonald<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">As the sale process for Leighton
              Holding’s telecommunications assets inches forward, there
              is no shortage of theories on what kind of deal might
              emerge.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Leighton has engaged Macquarie Capital
              to explore the sale of its fibre network owner NextGen,
              managed services provider Infoplex and data centre
              business Metronode. Indicative bids are due by the end of
              next week.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">The latest unlikely company to be
              thought to be involved is Vocus Communications. With a
              market capitalisation south of $130 million, it seems very
              hopeful. It would clearly need a bigger partner to fund
              any tilt at the assets, which analysts say could fetch as
              much as $1 billion.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Would a private equity buyer be able to
              shore up funding amid a weak macro-economic outlook and
              the politically precarious state of the national broadband
              network?<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Only time will tell but it seems safe
              to say that Vocus is a name to keep an eye on. The
              small-cap data centre provider is among a range of
              domestic telcos and international private equity firms
              that was handed an information memorandum last month.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Vocus would bring local expertise to
              the table in any partnership with an offshore buyer, and
              its management has high ambitions.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">Its shares have outperformed the
              broader market, rising about 22 per cent in 2012.
              Yesterday, Perpetual increased its stake to 8.6 per cent.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">For Leighton, a successful sale before
              Christmas could alleviate pressures on its balance sheet
              amid lingering concerns over further write-downs.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">TPG Telecom remains the most plausible
              buyer given its strong balance sheet, acquisitive owner
              David Teoh and the fact that NextGen would complement its
              existing fibre backhaul footprint.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">iiNet will mull over a potential bid at
              a board meeting next week but is still considered a long
              shot. Telstra and Optus could consider Infoplex and
              Metronode but would likely be blocked by the competition
              regulator in any move for NextGen.<o:p></o:p></p>
          </div>
          <div>
            <p class="MsoNormal"><o:p> </o:p></p>
          </div>
          <div>
            <p class="MsoNormal">The Australian Financial Review<o:p></o:p></p>
          </div>
        </div>
        <div>
          <p class="MsoNormal">-----<o:p></o:p></p>
        </div>
        <p class="MsoNormal"><br clear="all">
          <o:p></o:p></p>
        <div>
          <p class="MsoNormal" style="margin-bottom:12.0pt"><o:p> </o:p></p>
        </div>
        <div>
          <p class="MsoNormal"><b><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif"">Skeeve
                Stevens, CEO - </span></b><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif"">eintellego
              Pty Ltd</span><o:p></o:p></p>
        </div>
        <div>
          <div>
            <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif""><a
                  moz-do-not-send="true"
                  href="mailto:skeeve@eintellego.net" target="_blank">skeeve@eintellego.net</a> ; <a
                  moz-do-not-send="true"
                  href="http://www.eintellego.net/" target="_blank">www.eintellego.net</a><span
                  style="color:black"><o:p></o:p></span></span></p>
            <p style="margin:0cm;margin-bottom:.0001pt"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:black">Phone:
                1300 753 383; Cell +61 (0)414 753 383 ; skype://skeeve<o:p></o:p></span></p>
            <p style="margin:0cm;margin-bottom:.0001pt"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:black"><a
                  moz-do-not-send="true"
                  href="http://facebook.com/eintellego" target="_blank">facebook.com/eintellego</a> ; <a
                  moz-do-not-send="true"
                  href="http://linkedin.com/in/skeeve" target="_blank">linkedin.com/in/skeeve</a> <o:p></o:p></span></p>
            <p style="margin:0cm;margin-bottom:.0001pt"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:black"><a
                  moz-do-not-send="true"
                  href="http://twitter.com/networkceoau" target="_blank">twitter.com/networkceoau</a> ;
                blog: <a moz-do-not-send="true"
                  href="http://www.network-ceo.net/" target="_blank">www.network-ceo.net</a><o:p></o:p></span></p>
          </div>
        </div>
        <div>
          <div>
            <div>
              <div>
                <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#7F007F"><img
                      moz-do-not-send="true" id="_x0000_i1025"
                      src="http://eintellego.net/sig/logo.png"
                      border="0"><o:p></o:p></span></p>
              </div>
              <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#7F007F">The
                  Experts Who The Experts Call</span><span
                  style="font-family:"Calibri","sans-serif""><o:p></o:p></span></p>
            </div>
            <div>
              <div>
                <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#002060">Juniper
                    - Cisco – IBM - Brocade - Cloud</span><span
style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#7F007F"><o:p></o:p></span></p>
              </div>
              <div>
                <div>
                  <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#002060">-----</span><span
style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#7F007F"><o:p></o:p></span></p>
                </div>
                <div>
                  <p class="MsoNormal"><span
style="font-family:"Calibri","sans-serif";color:#002060">Check
                      out our Juniper promotion website for Oct/Nov!  </span><span
style="font-family:"Calibri","sans-serif";color:black"><a
                        moz-do-not-send="true"
                        href="http://eintellego.mx/" target="_blank"><span
                          style="font-size:10.0pt">eintellego.mx</span></a><o:p></o:p></span></p>
                </div>
                <div>
                  <p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:black">Free
                      Apple products during this promotion!!! </span><span
style="font-family:"Calibri","sans-serif";color:black"><o:p></o:p></span></p>
                </div>
              </div>
            </div>
          </div>
        </div>
        <p class="MsoNormal"><o:p> </o:p></p>
      </div>
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      <br>
      <pre wrap="">_______________________________________________
AusNOG mailing list
<a class="moz-txt-link-abbreviated" href="mailto:AusNOG@lists.ausnog.net">AusNOG@lists.ausnog.net</a>
<a class="moz-txt-link-freetext" href="http://lists.ausnog.net/mailman/listinfo/ausnog">http://lists.ausnog.net/mailman/listinfo/ausnog</a>
</pre>
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