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.
