Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Telstra takes over Adam

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

user iconDigital 31 October 2012 Big Law
expand image

Firms: Kelly & Co. (Adam Internet);

Deal: Telstra acquires Adam Internet

Advertisement
Advertisement

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.

You need to be a member to post comments. Become a member for free today!

Tags