OTPP now owns approximately 70% of Nextgen Networks, Metronode and Infoplex
Leighton to retain approximately 30% investment
Businesses to come together under new corporate brand “Nextgen Group”
Nextgen Group, the businesses formerly known as Leighton Telecommunications (including Nextgen
Networks, Metronode and Infoplex) today confirmed that Ontario Teachers’ Pension Plan (Teachers’) had
finalised its investment in the Nextgen Group, representing approximately 70% of the company. Leighton
Holdings Limited will retain approximately 30% ownership share.
Reflecting the new joint-ownership structure and management’s plans to reorganise the business around
customer relationships, the business will rebrand as the Nextgen Group.
As previously announced, the existing Australian senior management team, under the leadership of CEO
Peter McGrath, will remain in place.
Mr McGrath said that Teachers’ was a sophisticated and supportive investor that would provide the
business with enhanced financial strength and access to capital.
“We believe we will benefit from both Teachers’ investment and the continued support of shareholder
Leighton Holdings,” said Mr McGrath.
“As we begin a new era under joint-ownership, it is the right time to structure our business for the future.
We will be looking to organise ourselves around our key customer groups, to make it easier for them to
access everything they need from us via their account manager. This will allow us to be more flexible and
nimble in the competitive marketplace.
“We are keen to deliver on Australia’s key data requirements well into the future by partnering with our
clients and investing in industry leading networks, data centres and cloud infrastructure.”
Nextgen Group’s core capabilities include: owning and managing high speed, carrier grade fibre network
services; providing data centre services; and delivering cloud services for the business market.
For further information please contact:
Manager, Corporate Communications
0418 358 327