First State Super competes for listed fibre business

08 September 2020 - 12:00 am UTC

First State Super today said it has made an AUD 600m (USD 436m) bid for ASX-listed telecommunications fibre business Opticomm.

The AUD 5.85 all-cash offer for Opticomm – which sells high-speed fibre to the home internet connections – is being made directly by the infrastructure portfolio of FSS Trustee Corp, the Trustee of First State Super, confirmed a source close. It is advised by ICA Partners and law firm Allens.

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