Groom Kennedy has advised the sellers on the sale of TasmaNet, one of Australia’s leading digital solutions providers, to Field Solutions Group (FSG), an ASX listed rural and regional telecommunications carrier.
The combination of FSG and TasmaNet will create an enviable position as Australia’s fastest growing regional telco operating a national NBN network and Australia’s largest non-NBN and wireless networks.
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The Victorian Supreme Court has recently highlighted some key issues related to repudiation of contract, by refusing to find that a party had repudiated its contract despite admissions that it was ‘in the process of winding down’, ‘unable to continue operating’ and ‘[would] not be in a position to settle’.
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The ACCC will soon have the power to review a broader range of transactions
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