Australia`s AGL Energy on Wednesday proposed to buy local telecommunications operator Southern Phone Co Ltd for about AUD 27.5 million ($18.56 million), the electricity distributor`s second outing in the telecommunications sector this year. AGL Energy Ltd is an Australian company that provides energy and other services. The company`s segments include wholesale markets, customer markets, group operations and investments. Wholesale markets include the wholesale electricity, gas and organic markets and also control the shipment of clean and contract production facilities and the energy/related coverage portfolio. Customer Markets includes customer and large customer portfolios and is responsible for trading products and services for electricity, gas, solar and energy efficiency. The group includes its electricity generation portfolio as well as other sites and facilities in the thermal, renewable energy, natural gas and other sectors. Investments includes shares in ActewAGL Retail Partnership, Perth Energy, PARF, Advanced Microgrid Solutions Inc, Energy Impact Partners` Fund, Solar Analytics Pty Limited, Sunverge Energy Inc and Ecobee Inc. Australian telecommunications company Vocus Group Ltd said on Tuesday it had received a proposal for a non-binding indicative acquisition of AGL Energy Ltd for AUD 3.02 billion ($2.10 billion). The AGL is still looking for acquisitions (Adds CEO, analyst comments) Australian aGL Energy`s plans to begin importing liquefied natural gas from 2021 will be delayed after the State of Victoria has asked the company and its pipeline partner to submit a full environmental assessment of their project. Agl Energy Ltd enters a binding agreement to acquire Click Energy Group Amaysim Australia Entered Into A Binding Share Sale Agreement (Ssa) For Sale of Amaysim`s Energy Business AGL Energy Ltd has made a second U-turn for the Telecommunications Company Vocus Group Ltd with a new offer of AUD 3.02 billion ($2.10 billion) – just weeks after the withdrawal of an earlier approach – because it wants a cross-selling to its large customer base. Australia`s AGL Energy Ltd has entered into a 15-year contract to purchase the maoneng Group battery power, To ensure security of supply and prices during peak periods, companies said Wednesday.
– Extension to help the energy market cope with the “critical summer,” AGL Energy has no intention of dismantling its acquisition target, the telecommunications company Vocus Group Ltd, but instead aims to develop the combined divisions, said AGL chief Brett Redman on Wednesday.