Leighton confirms Canadian fund will buy telco assets
Leighton has confirmed Ontario Teachers’ Pension Plan (OTPP) will acquire around 70 per cent of Leighton’s telco businesses, which include Nextgen Networks, Metronode and Infoplex.
Leighton has confirmed Ontario Teachers’ Pension Plan (OTPP) will acquire around 70 per cent of Leighton’s telco businesses, which include Nextgen Networks, Metronode and Infoplex.
Visionstream has secured a $21 million contract for the West Gate Freeway managed motorway project.
Analysts are doubtful a Telstra bid to acquire Leighton’s telecom assets would make it to the finish line. Such a Telstra move could be a “blocking strategy” to stop an overseas player from coming in, Gartner analyst Geoff Johnson told Computerworld Australia.
Leighton Contractors (ASX:LEI) has pushed forward with plans to build a new submarine cable link between Perth and Singapore, with plans to have the cable operational and feeding up to 16 terabits per second (Tbps) of capacity by 2013.