TransACT announces acquisition of Neighbourhood Cable

TransACT Communications has announced it will acquire the Victorian company, Neighbourhood Cable, from 1 January 2008. The acquisition comes after a period of continuing growth by both companies and positions the enlarged entity as the second strongest telecommunications service provider in four of the top 30 population centres in Australia.

TransACT Chief Executive Officer John Mackay said, “The acquisition will capitalise on the strengths of both companies to deliver an even more competitive service to customers.

“The acquisition will enable us to provide our services to over 200,000 homes and Neighbourhood Cable customers will now have access to TransACT’s popular product bundling options, including our mobile phone service, TransMOBILE.

“Importantly, the acquisition positions us well to actively contribute to the Federal Government’s national broadband agenda as both companies have extensive telecommunications infrastructure in their regions.”

TransACT and Neighbourhood Cable share a common business goal of delivering high quality affordable telecommunications services. The marketing, sales and customer service teams will join forces to deliver exceptional value, service and support to customers.

For more information about TransACT go to www.transact.com.au. For more information about Neighbourhood Cable visit www.ncable.com.au