Nextgen Networks is an Australian communications company which is a subsidiary of Leighton Holdings, one of Australia's major companies.
Nextgens Network is based on a geographically protected national network, with the Brisbane to Melbourne link utilising self-healing SDH two-fibre ring architecture. The Ring System covers Brisbane, Sydney, Canberra and Melbourne and a Flat Ring Link through to Adelaide and Perth as well as covering 70 major and regional population centres along the route. The Network covers a total of 8,500 km and is the most modern network of the three largest fibre Networks (Telstra, Optus and Nextgen).
Rocky Roads
During 2002 trouble hit the consortium of Nextgen Networks, and although the network was solid the traffic and sales needed to support the financing unfortunately did not eventuate, During the twelve month price war competition bit hard on Nextgen and the other intercity cable providers with the price of backhaul between Australian cities dropping by 70% leaving Nextgen without the funds it needed to repay the debt. This situation was repeated right around the world with many similar owners of fibre optic cables also in financial difficulty and here in Australia with another major Fibre Optic Cable player Amcom backed IP1 Australia who built cable networks from Melbourne through to Perth going into receivership and bought at a fire sale price of $45m (about a quarter of its construction cost of $160m ) by Telstra. Also during this period, a multi terabit international cable Nava-1 was shelved.
On 23 June 2002 administrators were called in by the National Australia Bank.
In December 2002, Leighton picked up the Network for a total between $20m and $30m with the Banking Syndicate having a share in the companies growth for the next 10 years. Nextgen became a full subsidiary of Leighton Holdings and is therefore now debt free.
Continual development
On 8 March 2006 Nextgen launched Australia's first Virtual Private LAN Service.
On 30 June 2006 Senetas and Nextgen launched Layer 2 Ethernet VPN, which features encrypted security
On 2 June 2008 Nextgen announced the acquisition of rival carrier Silk Telecom.
Rocky Roads
During 2002 trouble hit the consortium of Nextgen Networks, and although the network was solid the traffic and sales needed to support the financing unfortunately did not eventuate, During the twelve month price war competition bit hard on Nextgen and the other intercity cable providers with the price of backhaul between Australian cities dropping by 70% leaving Nextgen without the funds it needed to repay the debt. This situation was repeated right around the world with many similar owners of fibre optic cables also in financial difficulty and here in Australia with another major Fibre Optic Cable player Amcom backed IP1 Australia who built cable networks from Melbourne through to Perth going into receivership and bought at a fire sale price of $45m (about a quarter of its construction cost of $160m ) by Telstra. Also during this period, a multi terabit international cable Nava-1 was shelved.
On 23 June 2002 administrators were called in by the National Australia Bank.
In December 2002, Leighton picked up the Network for a total between $20m and $30m with the Banking Syndicate having a share in the companies growth for the next 10 years. Nextgen became a full subsidiary of Leighton Holdings and is therefore now debt free.
Continual development
On 30 June 2006 Senetas and Nextgen launched Layer 2 Ethernet VPN, which features encrypted security
On 2 June 2008 Nextgen announced the acquisition of rival carrier Silk Telecom.
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