You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Telstra takes over Adam

Kelly & Co has acted for internet service provider Adam Internet on its sale to Telstra.

October 31, 2012 By Digital
expand image

Firms: Kelly & Co. (Adam Internet);

Deal: Telstra acquires Adam Internet

Area: M&A

Value: Undisclosed

Key players: The Kelly & Co team was led by M&A partner Jamie Restas and assisted by senior associate Shane Lloyd. Partner Peter Campbell managed the competition-related aspects of the deal.

Deal significance:  The agreed acquisition, which is subject to ACCC approval, will see Telstra acquire all of Adam’s business, including Adam’s Adelaide data centre and fibre assets.

Telstra will retain the Adam brand and run the company as a stand-alone subsidiary of Telstra.  “It was pleasing to assist a great South Australian-based business in Adam Internet achieve a great result that will see it expand nationally,” said Restas.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company