GENERAL NEWS
Japanese buy into CCTS CCTS TELECOMMUNICATIONS CONSTRUCTION Pty Ltd, a Central Coast company based in Lisarow, was recently acquired by internationally recognised Japanese company MIRAIT Technologies Corporation (MTC), with MTC taking a majority shareholding in the local company. The acquisition is part of MTC’s expansion into the Australian telecommunications industry, and will provide significant technical and financial opportunities to CCTS Telecommunications Construction and Tuggerah based Relative MIRAIT Services (RMS), formerly known as Relative Services. Relative Services was founded by Steven Donnelly establishing itself as an industry specialist in telecommunications construction over the last nine years. Mr Donnelly’s dedication and vision for his company’s future in the telecommunications Industry led him to begin discussions with MTC in early 2010 having the NBN project in mind. After establishing a trusted relationship, MTC and Relative Services entered an agreement in which MTC became a majority shareholder of Relative Services in mid 2011. This relationship allowed MTC to gain a foothold in the Australian telecommunications market. Now, with CCTS Construction, a tier one company will evolve and is a major achievement both personally and professionally for Mr Donnelly. On 1st July, 2014 Relative MIRAIT Services and CCTS Telecommunications Construction Pty Ltd integrated and changed the company name to reflect
(L to r) MIRAIT Technologies Australia Directors, Ian Richter, Masatoshi Okuda, Ian Laing, Steven Donnelly and Kerry White becoming a new Tier 1 telecommunications service provider. This will be enabled by the consolidation and expansion created by the merger and support of MTC. Commenting on the change, CEO Kerry White said, “The new shape of the Company will see us carefully expand our presence in the four states where we already operate.” He said, “with strong financial and technical support from MTC our combined capabilities will ensure significant opportunities for wider delivery of telecommunications infrastructure design and construction services in the Australian market.” Steven Donnelly COO commented that “I am truly excited about our newly formed entity Ian Laing, Ian Richter, Kerry and I have
MIRAIT Technologies Corporation’s vision to expand its presence in Australia. The new entity will be known as MIRAIT Technologies Australia and all logos and visibility of CCTS Telecommunications Construction and RMS national sites will change to reflect the new entity. The directors of CCTS Telecommunications Construction, Ian Laing, Ian Richter and Kerry White and RMS Director Steven Donnelly will continue to be shareholders of MIRAIT Technologies Australia and be directly involved in the operational running of the business. Both CCTS Telecommunications Construction and RMS are significant players in the Australian telecommunications market and have a joint strategic vision of
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CENTRAL COAST BUSINESS REVIEW NOVEMBER 2014
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