Vocus engaged in a ‘two to three year turnaround,’ CEO says
Vocus Group managing director and CEO Kevin Russell says the telco is engaged in a “two to three year turnaround,” with the telco eliminating short-term incentives for its executive team.
Vocus Group managing director and CEO Kevin Russell says the telco is engaged in a “two to three year turnaround,” with the telco eliminating short-term incentives for its executive team.
Laying of the Australia Singapore Cable has been completed and electrical systems are now being installed and tested as part of a make-ready phase for the project.
Vocus has signed an agreement with Nokia’s Alcatel Submarine Networks (ASN) to roll out the Coral Sea Cable system that will connect Australia, Papua New Guinea and the Solomon Islands.
The government has awarded Vocus a $136.6 million contract to build the Coral Sea Cable System.
Vocus has confirmed that a PABX systems of one of its customers was compromised and used in an attempt at international toll fraud that flooded the Triple Zero emergency service.
Kevin Russell has been appointed Vocus Group CEO and managing director.
Vocus Group has decided against selling its New Zealand business, announcing today that it has “ceased all discussions with interested parties in the sale process”.
Vocus, whose brands include iPrimus, Dodo and Commander, will compensate a number of its fibre to the node (FTTN) and fibre to the basement (FTTB) customers who were sold NBN services with maximum speeds that their lines were not capable of achieving.
Vocus has for the first time released data on its total share of the NBN market. The telco said that as of the end of 2017 it had captured 8.8 per cent of the market, up from 7.4 per cent at the end of 2016.
Vocus is upgrading its domestic network infrastructure ahead of the completion of the Australia Singapore Cable (ASC).
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.
Vocus says it has been reviewing its NBN services since the Australian Competition and Consumer Commission issued guidance on retail service providers’ marketing of broadband speeds on the National Broadband Network.
Australian Stock Exchange listed telco Vocus Communications is to sell its New Zealand business.
Vaughan Bowen has been appointed non-executive chairperson of Vocus in the wake of David Spence’s decision to not stand for re-election.