Fresh off the completion of its Opticomm acquisition, Uniti has inked a deal to purchase Harbour ISP.
Uniti has continued its telco shopping spree, announcing on Tuesday it has signed an agreement to purchase greenfields specialist Harbour ISP. With a maximum purchase price of AU$9.25 million and AU$1 million worth of options for Uniti shares, Uniti said the purchase price would consist of 90% cash and 10% in shares. At the time of writing, Uniti was trading at AU$1.59 a share. As a result of the deal, Uniti is set to gain 30,000 broadband customers in housing estates and apartment complexes, doubling Uniti’s consumer business numbers. “Of particular strategic significance to Uniti is Harbour’s close alliances with a number of national property development companies, including Mirvac,” Uniti said. “In certain instances, these developer alliances see Harbour enjoy ‘preferred RSP’ status, delivering strong take-up of Harbour broadband services in new greenfield developments via a series of cooperative marketing activities, undertaken with the support and endorsement of the developer.
