Vocus eyes rollout of new Pacific subsea cable
Vocus has won a contract from the Department of Foreign Affairs and Trade for a scoping study into the rollout of a new cable connecting Australia, Papua New Guinea and the Solomon Islands.
Vocus has won a contract from the Department of Foreign Affairs and Trade for a scoping study into the rollout of a new cable connecting Australia, Papua New Guinea and the Solomon Islands.
Vocus revealed today it has decided to split its Enterprise & Wholesale business into two operating segments.
Vaughan Bowen has been appointed non-executive chairperson of Vocus in the wake of David Spence’s decision to not stand for re-election.
Discussions over a possible acquisition of Vocus have ended after the two private equity companies that expressed an interest in the telco were unable to come up with terms that were acceptable to the telco’s board.
Vocus is the subject of a second acquisition bid, with the telco revealing this morning that Asian private equity firm Affinity Equity Partners had lodged a preliminary takeover offer.
Four months after fibre wholesaler Vocus Communications Limited (ASX:VOC) sold for $20 million to a private equity firm and went public, the company has notched up a consolidated profit before tax of $5.69 million, some 501 per cent increase over the previous financial year’s earnings of under $1 million.