Australian voice over IP (VoIP) network provider, FaktorTel, has acquired the customer base and trademark of ATPNet, a division of Australian Technology Partnerships (ATP), expanding its customer base by five per cent to around 25,000 services.
The value of the acquisition was not disclosed.
The agreement is part of FaktorTel’s long-term market share growth plans in Australia, which it claims will result in a number of VoIP provider acquisitions in the future.
FaktorTel technical director, Chris Cowling, told ARN the company intends to make at least another two acquisitions within the next 12 months in a market which he describes at "contracting."
Both companies expect to complete closing activities in the first quarter of the year, and do not expect the acquisition to have “any significant negative impact” on the servicing of ATPNet customers during the transition period and further.
According to Cowling, “For ATPNet customers, what this means is that they now have access to a wider range of affordable and more feature rich telephony solutions through the FaktorTel network.”
Moving forward, FaktorTel said it is committed to improving costs for customers through an increasing economy of scale, continued investment in open source technology, and Cloud-based infrastructure for greater accessibility and flexibility.
“With the National Broadband Network (NBN) currently being rolled out across Australia, we can expect the quality and speed of Internet capacity to improve significantly, thereby legitimising VoIP as a cost-effective alternative to fixed line telecommunications,” Cowling said.