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Nexion to acquire BlueSky Telecom for $2M


Nexion to acquire BlueSky Telecom for $2M
Nexion to acquire BlueSky Telecom for $2M
Follows Nexion s recent listing on the ASX.
Nexion has acquired Australian telecommunications and network solution provider BlueSky Telecom for $2 million in shares.  
According to the publicly listed company, BlueSky has national customers across Australia and revenue of $2.9 million. 
Nexion claimed the deal will increase its recurring revenue base as a percentage of total revenue and that there is a strong potential identified for cost synergies . 
Founded in 2013 by Daniel Fairbairn, BlueSky is headquartered in Perth and provides owned and operated international hosted voice platform and an MPLS network. According to LinkedIn, it has between 11 and 50 employees in Australia.  ....

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