Chanticleer

How a junior telco snookered a $130b super giant

Vaughan Bowen's Uniti has delivered a revised bid for OptiComm that might just knock a rival bidder, the $130 billion super fund Aware Super, out of the race.

Updated Sep 15, 2020 – 1.56pm, first published at 11.56am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The most important deal of the year just got even more fascinating.

Last week Chanticleer argued that the $600 million offer for private fibre provider OptiComm from Aware Super (which has just changed its name from First State Super) was the biggest deal of the year, as it represented the first time a super fund had bid directly for a private company on its own, not as part of a consortium or alongside a private equity firm as AustralianSuper has done so famously with BGH.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.