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Comms Group Sells onPlatinum IT Division for $30 Million to Focus on Cloud
8:24am on Monday 29th of June, 2026 AEST
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Telecommunications
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Comms Group Sells onPlatinum IT Division for $30 Million to Focus on Cloud
8:24am on Monday 29th of June, 2026 AEST
Key Points
onPlatinum sold for A$30 million including escrow
Divestment aligns with core cloud and unified communications strategy
Transaction proceeds to reduce debt and return capital to shareholders
FY26 revenue guidance raised to $74-75 million with EBITDA up 45%
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