Battle of the telcos: is there a market consolidation looming?


Telecommunications is such hot space at the moment, people blocking other people’s acquisition plans and buying each other. The spotlight is well and truly on telecommunications at the moment. A TPG-iiNet merger will create Australia’s second largest broadband provider behind Telstra indicating more potential mergers to come. The good news is it really doesn’t affect us; all of this activity is really around the consumer retail space. We play predominantly in the wholesale space and enablement space, and so it really is not in our area. But, in our own corner of the market, there is still a lot of opportunity for M&A and our plan is to start adding to the stories in the near future but in the wholesale space.