Media Centre
Uecomm finalises sale of Perth network
Uecomm Limited today announced that the sale of it’s Perth network to Western Power is now complete. The terms of the deal, as announced in December 2002, remain unchanged. Uecomm has received a payment of $2.85 million with deferred payments to be received over the next 36 months.
Uecomm retains ownership of the switching equipment, has the right to use capacity on the network and has the exclusive right to market and sell telecommunication services to the corporate, government and wholesale markets in Perth.
Uecomm Chief Executive Officer, Mr Peter McGrath, said that Uecomm was pleased with the outcome and looked forward to working with Western Power to increase the provision of fibre broadband data services to its growing customer base in Perth.
