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Amcom buys L7 Solutions

Fibre-optic network owner Amcom has bought West Australian based IT firm L7 Solutions for $15 million

Fibre-optic network owner Amcom has bought West Australian based IT firm L7 Solutions for $15 million.

Amcom owns and operates over 2,100 kilometres of fibre-optic network in Perth, Adelaide and Darwin, catering primarily to businesses.

Chief executive, Clive Stein, said the L7 acquisition would open opportunities to offer new services to Amcom's customers.

The L7 business is expected to deliver at least $4 million in earnings in its first full financial year within the Amcom business, he said.

Amcom generated earnings of $28.8 million in the year to June 30.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: etwork, West

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