Vocus spends $23.5 million on EDC datacentres

Vocus spends $23.5 million on EDC datacentres

Continues acquisition spree

ASX-listed telecommunications services provider, Vocus (ASX: VOC) has spent $23.5 million to purchase twodata centres and business continuity operations of Enterprise Data Corporation (EDC).

The two datacentres are located in Norwest, Sydney and Mitcham in Melbourne.

Vocus will fund the acquisition from existing cash resources and forecasts an annualised EBITDA of about $4.7million.

Vocus CEO, James Spenceley, said the purchase complements its existing business through adding two data centres to its nine Vocus data centres across A/NZ.

“The datacentres have many long-term customers and will provide Vocus will cross selling opportunities and further redundancy for existing customers,” Spenceley said.

In December, Vocus got the green light to purchase Perth-based Amcom Telecommunications for about $635 million, potentially creating the third largest telco behind Telstra and Optus.

In August, Vocus also bought ASG Group’s Perth datacentre for $11.7 million and in July it bought a 10 per cent share ($US2.5 million) of Telecom New Zealand’s Sea-Me-We 3 cable between Perth and Singapore.

To fill in its ‘missing fibre piece’ in New Zealand, the company bought FX Networks for $107.7 million in July 2014.

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Tags acquisitionstelecom new zealandEnterprise Data CorporationVocus CommunicationsFX NetworksAmcom Telecommunications


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