Nextgen Group hopes to double revenue to $600 million in five years by taking advantage of the NBN rollout and accelerating movement among businesses and government to the cloud and infrastructure-as-a-service, said Nextgen CEO Peter McGrath.
Nextgen Group CEO Peter McGrath said growing demand from Australian businesses for data sovereignty remains a key advantage for Nextgen even after a Canadian investment group took 70 per cent control of the business.
Leighton has confirmed Ontario Teachers’ Pension Plan (OTPP) will acquire around 70 per cent of Leighton’s telco businesses, which include Nextgen Networks, Metronode and Infoplex.