Vocus receives A$3.4B takeover offer
Vocus Group has received a non-binding indicative takeover offer from Macquarie Infrastructure and Assets Holdings (MIRA) worth roughly A$3.4 billion.
Vocus Group has received a non-binding indicative takeover offer from Macquarie Infrastructure and Assets Holdings (MIRA) worth roughly A$3.4 billion.
ASX-listed Vocus Group has appointed financial advisers to execute a listing of New Zealand's fourth largest retail telco, Vocus NZ.
The DTA has opened up its whole-of-government telco procurement marketplace, starting with 26 suppliers.
Vocus Group has ended FY20 with a $178.2 million loss after seeing its profits plummet for the past three years.
Equinix has opened its eighth international business exchange (IBX) data centre in Sydney, SY5, and is already hosting infrastructure for other businesses.
Vocus Group has revealed details of key partners for its network transformation program, which the telco says will speed up provisioning and offer more self-service options to its business customers.
Vocus says that end to end capacity on the Australian Singapore Cable (ASC) is now 60 terabits per second (Tbps), up from its September 2018 debut of 40Tbps.
Vocus is preparing for the final stages of consolidating its core networks to a single ‘Supercore’ as it deals with the complex legacy of a string of acquisitions, particularly following the 2015-16 period of the M2 merger and acquisition of Nextgen.
Vocus will continue delivering Internet services to Cricket Australia, with the sporting body signing a four-year contract with the telco.
Vocus Group says that because of the complexity of NBN pricing, a lack of pricing stability and operational complexity it no longer intends to grow its share of the NBN consumer market and instead will “focus on optimising the broadband experience for existing customers.”
Vocus Group has announced a further restructure of its business, following a significant reshuffle at the start of the year.
Vocus'US$170 million Australia Singapore Cable (ASC) has been connected and will be ready for service from 14 September 2018.
Vocus is urgently addressing the significant turnaround challenge it was facing within its SMB business, Commander.
Vocus Group has appointed Kevin Russell as the group's CEO and managing director effective of 28 May.
Vocus Group has downgraded its full-year earnings forecast by $5-$10 million, citing headwinds faced by its consumer division.
The winners were honoured during the Vocus Virtual Partner Conference