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

[Mick O'Rourke]

Level 3 - seem to have been in right place at the right time plus what
seems a good stable strategy of growth through acquisition.

The level3 P/E ratio is interesting
http://www.nasdaq.com/symbol/lvlt/pe-ratio

What's been their most successful in your opinion MMC?


On Fri, Nov 16, 2012 at 11:47 AM, Matthew Moyle-Croft <mmc at mmc.com.au>wrote:

> Level3 has been successful where its an owner not a buyer.
>
> On 15/11/2012, at 16:32, Chris Ricks <chris.ricks at securepay.com.au> wrote:
>
> They could by some on SXC though, surely?
>
> On 16/11/12 11:28, Matthew Moyle-Croft wrote:
>
> I can't see Level3 as a buyer - to make sense they'd have to get submarine
> capacity to hook it into their global network.
>
>
> On Thu, Nov 15, 2012 at 3:51 PM, Chris Ricks <chris.ricks at securepay.com.au
> > wrote:
>
>>  With Level 3's credit rating, financing the deal may be the problem.
>>
>>
>> On 16/11/12 10:40, Zone Networks - Joel wrote:
>>
>>   Vocus + 1 J
>>
>>
>>
>> Would have been interesting to see Level 3 in Aus though
>>
>>
>>
>> *From:* ausnog-bounces at lists.ausnog.net [
>> mailto:ausnog-bounces at lists.ausnog.net <ausnog-bounces at lists.ausnog.net>]
>> *On Behalf Of *Skeeve Stevens
>> *Sent:* Friday, 16 November 2012 10:28 AM
>> *To:* <ausnog at lists.ausnog.net> <ausnog at lists.ausnog.net>
>> *Subject:* [AusNOG] Vocus to buy NextGen/Infoplex/Metronode?
>>
>>
>>
>> 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
>>
>>
>>
>> ---
>>
>>
>>
>> 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
>>
>> -----
>>
>>
>>
>>
>> *Skeeve Stevens, CEO - *eintellego Pty Ltd
>>
>> skeeve at eintellego.net ; www.eintellego.net
>>
>> Phone: 1300 753 383; Cell +61 (0)414 753 383<%2B61%20%280%29414%20753%20383>;
>> skype://skeeve
>>
>> facebook.com/eintellego ; linkedin.com/in/skeeve
>>
>> twitter.com/networkceoau ; blog: www.network-ceo.net
>>
>>  The Experts Who The Experts Call
>>
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>>
>> -----
>>
>> Check out our Juniper promotion website for Oct/Nov!  eintellego.mx
>>
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>>
>>
>>
>>
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