People Telecom today announced the sale of its Perth corporate data business to Amcom Telecommunications Ltd for $6.25 million has reached completion.
The transaction includes People Telecom's high-speed optical-fibre data ring around the Perth CBD and a data co-location and interconnect centre in Perth as well as associated customer revenues of $6 million per annum.
People Telecom CEO, John Stanton said the sale is designed to enable the telco to deliver on its strategy to drive revenues and profit focused on its core small-to-medium-enterprise, ADSL and mobiles businesses.
Stanton reiterated that the sale did not represent any reduction in People Telecom's ongoing commitment to its SME and consumer customers in Perth and Western Australia.
"We will continue to serve our SME and consumer customers in Western Australia and push to further grow our market share in those important customer segments," he said.
"The transaction with Amcom includes supply agreements to ensure that People Telecom has full capability to continue serving SME data requirements."
People Telecom is a supplier of a broad range of telecommunications products and services, providing a convergence of voice, mobile, data and hosting.