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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services
overthewire.com.au

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Partners & Customers

4

About Over the Wire

Over the Wire (ASX:OTW) is a telecommunications and IT services company whose product offering includes data networks, internet, data center colocation, VoIP, hosted PBX, infrastructure as a service, managed services, and more.

Over the Wire Headquarter Location

71 Eagle St Level 21

Brisbane, Queensland, 4000,

Australia

+61 07 3847 9292

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Latest Over the Wire News

Aussie Broadband offered $342m to acquire Over The Wire

Oct 25, 2021

Aussie Broadband offered $342 million to acquire Over The Wire By Nico Arboleda on Oct 25, 2021 10:42AM In The Spotlight Aussie Broadband offered to fully acquire fellow ASX-listed telco Over The Wire (OTW) for $342.6 million, or $5.75 per share, according to OTW. In an ASX announcement, OTW revealed it received an unsolicited and non-binding proposal from Aussie Broadband on 14 October 2021. The update came following some media coverage on those discussions last week, with Aussie confirming the deal on Friday 22 October. “The discussions between the parties in relation to the [proposal] are preliminary and incomplete and no agreement has been reached in relation to any transaction,” OTW’s announcement read. “There is no guarantee that any agreement will be reached or that a transaction will eventuate.” Aussie Broadband last week confirmed that it had engaged OTW on preliminary “discussions” but were still “incomplete” and denied being in “exclusive discussions”, responding to a report from The Australian posted on 21 October. OTW said it has allowed Aussie Broadband to undertake due diligence and negotiate transaction documentation, via a process deed filed on 16 October. The process is expected to run into 30 November. “There is no certainty that OTW’s discussions with [Aussie Broadband] will result in an acceptable proposal,” the announcement read. “The OTW board advises shareholders to take no action in relation to the proposal. OTW will continue to keep shareholders informed of developments.” Citing some undisclosed sources, The Australian's story said Aussie Broadband had been looking into OTW earlier this year, and that their respective share price increases over the past months could be a reason for a potential merger. Aussie Broadband also announced in September that it raised $114 million to help fund its growth plans, including new business product and technology development, more fibre and network builds and potential mergers and acquisitions. The proposed plans on what to spend the cap raise on were echoed in Aussie Broadband's Q1 FY2022 results , saying that its mergers and acquisitions strategy "continues to progress".

Over the Wire Acquisitions

8 Acquisitions

Over the Wire acquired 8 companies. Their latest acquisition was Digital Sense on October 02, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/2/2020

$991

Acquired

1

8/11/2020

Acquired

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$99M

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10

8/11/2020

Acquired

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$99M

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10

8/11/2020

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$99M

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10

10/18/2018

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$991

$99M

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10

Date

10/2/2020

8/11/2020

8/11/2020

8/11/2020

10/18/2018

Investment Stage

Acquired

Acquired

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

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10

Over the Wire Partners & Customers

4 Partners and customers

Over the Wire has 4 strategic partners and customers. Over the Wire recently partnered with Juniper Networks on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/8/2021

Vendor

Juniper Networks

United States

Over The Wire taps Juniper to upgrade core network

ASX-listed telco Over The Wire has tapped Juniper Networks to help upgrade its core network and boost its capacity .

1

9/28/2020

Supplier

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10

7/8/2020

Supplier

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10

5/29/2020

Partner

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10

Date

6/8/2021

9/28/2020

7/8/2020

5/29/2020

Type

Vendor

Supplier

Supplier

Partner

Business Partner

Juniper Networks

Country

United States

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News Snippet

Over The Wire taps Juniper to upgrade core network

ASX-listed telco Over The Wire has tapped Juniper Networks to help upgrade its core network and boost its capacity .

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Sources

1

10

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