[AusNOG] Vocus to buy NextGen/Infoplex/Metronode?

[Skeeve Stevens]

For those that aren't subscribers to AFR (I'm not either!), here is a story
about NextGen and potentially Vocus being involved.

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.

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).

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.

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.

...Skeeve

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>From the AFR: (
http://www.afr.com/p/opinion/mixed_bag_of_contenders_mulls_leighton_DaVoj8N1t22wY0436jXHnI
)

*Mixed bag of contenders mulls Leighton assets*

PUBLISHED: 16 Nov 2012 PRINT EDITION: 16 Nov 2012

Edited by Sarah Thompson and Anthony Macdonald

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.

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.

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.

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?

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.

Vocus would bring local expertise to the table in any partnership with an
offshore buyer, and its management has high ambitions.

Its shares have outperformed the broader market, rising about 22 per cent
in 2012. Yesterday, Perpetual increased its stake to 8.6 per cent.

For Leighton, a successful sale before Christmas could alleviate pressures
on its balance sheet amid lingering concerns over further write-downs.

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.

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.

The Australian Financial Review
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*

*
*Skeeve Stevens, CEO - *eintellego Pty Ltd
skeeve at eintellego.net ; www.eintellego.net

Phone: 1300 753 383; Cell +61 (0)414 753 383 ; skype://skeeve

facebook.com/eintellego ;  <http://twitter.com/networkceoau>
linkedin.com/in/skeeve

twitter.com/networkceoau ; blog: www.network-ceo.net

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