M&A Deal Summary

Aussie Broadband Acquires Symbio

On February 28, 2024, Aussie Broadband acquired communications company Symbio for 262M USD

Acquisition Highlights
  • This is Aussie Broadband’s 1st transaction in the Communications sector.
  • This is Aussie Broadband’s largest (disclosed) transaction.
  • This is Aussie Broadband’s 1st transaction in Australia.

M&A Deal Summary
Date 2024-02-28
Target Symbio
Sector Communications
Buyer(s) Aussie Broadband
Deal Type Add-on Acquisition
Deal Value 262M USD
Advisor(s) Moelis & Co. (Financial)
King & Wood Mallesons (Legal)

Target

Symbio

Sydney, Australia
Symbio Holdings underpins the voice, video, messaging and cloud-based communication capabilities that connect customer's daily life and bring the world together. The company operates through three segments: Domestic Retail, Domestic Wholesale, and Global Wholesale. Symbio was formed in 2004 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Aussie Broadband

Morwell, Australia
Category Company
Founded 2003
Sector Communications
Revenue 1.0B AUD (2024)
DESCRIPTION

Aussie Broadband provides telecommunications and technology services. Aussie Broadband was founded in 2003 and is based in Morwell, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal