Q Advisors Advises Comms Group on the Sale of onPlatinum to efex

Comms Group Limited (ASX: CCG) (“Comms Group” or “the Company”), a leading global communications and IT services business, today announces that the Company has completed the settlement of the divestment of its IT managed services division, onPlatinum, to Thinkex Holdings Pty Ltd trading as efex (“efex”).

As announced on 29 June 2026, Comms Group entered into a binding share sale agreement to divest onPlatinum for total consideration of A$30.0 million, subject to customary completion adjustments.

The divestment sharpens Comms Group’s focus on its core cloud communications, unified communications, domestic telecoms and global services businesses. Proceeds will be applied in accordance with the Company's capital allocation framework, including reducing net debt to strengthen the balance sheet and providing a capital return to shareholders. Further details on the proposed capital distribution is anticipated by the end of Q1 FY27.

Q Advisors, a global TMT investment banking boutique, acted as financial advisor to Comms Group in connection with this transaction.

Authorised for release by the Board of Comms Group Limited.

About Comms Group

Comms Group enhances business agility through innovative cloud-based communications and secure managed IT solutions.

Comms Group provides a full range of advanced communications, collaboration and IT solutions from the Cloud. Comms Group specializes in the delivery of secure managed IT solutions, modern workplace offerings, managed services, cloud hosting, cloud communications, CPaaS and UCaaS, delivering reliable and scalable technology solutions to empower businesses.

Cloud communications service provider to Australian SME & corporates with award winning customer service. Key offerings include unified communications solutions including Microsoft Teams Calling, value added services, cloud business phone/hosted PBX, inbound/toll-free services, mobile services, extensive connectivity solutions including fibre and NBN broadband, SD-WAN and secure firewall services.

Global Unified Communications Specialist UCaaS for international business and wholesale voice for telco and OTT customers with global network reach. With a cloud-based network and expertise in Microsoft Teams, Cisco Webex and SIP, Comms Group offers fully managed services and PSTN replacement services in over 65+ countries. Comms Group provide global MNCs seamless international unified communications solutions over a reliable global network with the latest product solutions and high levels of technical knowledge and global 24x7 support.