Melbourne-based Spirit Telecom has acquired wholesale telecommunications carrier Building Connect for $300,000.
The acquisition expands Spirit’s presence in Sydney with a fixed wireless network covering 31 buildings and business parks, servicing more than 200 business customers.
“The acquisition of Building Connect brings to Spirit another instant accretive expansion into Sydney and will greatly contribute to Spirit’s growth, particularly Western Sydney which accounts for 47 percent of Sydney’s population and produces 31 percent of its gross regional product,” Spirit managing director Geoff Neate said.
“With this growth, businesses need reliable high-speed internet to access new capabilities, enter new markets, improve their technology and Spirit’s Sky-Speed business Internet range will greatly assist underserved areas of this commercial region.”
Building Connect’s network will be integrated with Brisbane-based LinkOne’s Sydney sites. The acquisition will also provide Spirit a physical office and warehouse in Sydney, while also retaining the whole Building Connect team.
“This is a great opportunity to take Building Connect to a new level. The synergies between our respective networks enable an immediate upside for our partners and customers,” Building Connect chief executive Paul Julian said.
“From here I am looking forward to working as a key part of the Spirit team to grow what I started in 2013.”