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Sydney prison phone system sold to German provider

Squire Patton Boggs has advised on the sale of a Sydney-based prison phone system to a German provider.

October 16, 2019 • By Naomi Neilson
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Tony Chong
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Firm: Squire Patton Boggs (Comsec TR)

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Deal: Squire Patton Boggs (SPB) and corporate advisers BDO has brokered the sale of Sydney-based prison phone systems provider Comsec TR to Telio.

 
 

Value: Undisclosed.

Area: M&A.

Key players: The SPB team was led by Perth managing partner Tony Chong and was assisted by associates Blair Strickland and Alix Poole.

Deal significance: Comsec was founded in 1991 and provided prison phone systems across the country. The investment marks Telio’s first acquisition in the Asia-Pacific region as it expands beyond its Europe, Middle East and Africa footprint.

Mr Chong said: “The deal teams worked together closely to deliver this transaction and we look forward to a new chapter for a very successful organisation as it moves into this new phase.”

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Naomi Neilson
Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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