Nextgen Networks Pty Ltd - acquisition of Silk Telecom Pty Ltd

Status: 
Completed
Outcome: 
Not opposed on 18 July 2008
Reference number: 
32581
Industry: 
Data network services
Commenced: 
9 July 2008
Total review days: 
8 days

Acquirer(s)

  • Nextgen Networks Pty Ltd

Target(s)

  • Silk Telecom Pty Ltd

Summary

Nextgen Networks Pty Ltd has acquired 100% of the shares and assets of Silk Telecom Pty Ltd.

Market definition

For the purposes of the assessment of this acquisition only, the ACCC considered a national market for provision of transmission capacity services.

Competition analysis

The ACCC considered that the acquisition was not likely to have resulted in a substantial lessening of competition in the relevant market due to the presence of a number of existing alternative suppliers for transmission capacity services within Australia.

Timeline

DateEvent
02/06/2008Nextgen Networks Pty Ltd acquired Silk Telecom Pty Ltd.
09/07/2008ACCC commenced review under the Merger Review Process Guidelines.
17/07/2008Closing date for submissions from interested parties.
18/07/2008ACCC announced it would not oppose the acquisition.