Fixed wireless broadband operator, BigAir (ASX:BGL), is yet to receive a formal takeover offer from Vocus Communications (ASX:VOC), the company has disclosed.
BigAir made the announcement in response to media reports Vocus, a wholesale telecom services provider, is considering a takeover bid.
BGA shares grew over 10 per cent to $0.260 in Tuesday's trading on speculation of a deal, while VOC shares fell 2.43 per cent to $2.410..
BigAir owns and operates a fixed WiMax network in Sydney, Melbourne, Brisbane, the Gold Cost, Adelaide and Perth.
Last month, the company upgraded its full-year underlying ebitda forecast by 30 per cent to $5.2 million.
Vocus Communications is a wholesale telecom services provider, which has lately been expanding through acquisitions.
The company paid nearly $4 million for the dark fibre assets of Digital River Networks in a deal completed in May, and $5.9 million for the data centre business of E3 Networks last year.
BigAir has this year made some acquisitions of its own.
Follow Computerworld Australia on Twitter: @ComputerworldAU