Vocus - News, Features, and Slideshows

News

• Slater and Gordon could lead class action against Vocus

  Slater and Gordon has announced it is investigating a potential class action against Vocus.

• Vocus reports loss after ‘year of transition’

  Vocus has reported a $1.5 billion loss for the 12-months to 30 June, compared to a $64 million profit for FY16.

• Singapore cable to come online ahead of schedule, Vocus says

  Vocus has announced a revised timeline for completion of the Australia Singapore Cable, with the telco saying today that expects it to go live in July 2018.

• Vocus optimistic after acquisition talks end

  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.

• Second private equity firm circles Vocus

  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.

• KKR could buy Vocus

  US-headquartered private equity firm Kohlberg Kravis Roberts & Co. L.P. has issued an indicative and non-binding proposal to acquire 100 per cent of ASX-listed telco Vocus.

• Telstra’s grip on NBN market unshaken

  The latest data on National Broadband Network connections released by the Australian Competition and Consumer Commission reveal that Telstra continues to dominate the market, with the telco delivering over 51 per cent of NBN connections (excluding satellite).

• Voice outage hits Vocus

  A problem with Vocus’ voice wholesale platform downed services for the telcos’ customers, the company has confirmed.

• Vocus revenue grows 404 per cent in first half

  Vocus Group revenue grew 404 per cent compared in the six months ending 31 December compared to the same period in the prior year.

• Telstra still dominates NBN, but competition watchdog sees some positive signs

  The latest NBN Wholesale Market Indicators Report released by the Australian Competition and Consumer Commission reveals that Telstra continues to supply the overwhelming majority of services over the National Broadband Network.

• Census debacle: Govt and IBM reach confidential settlement

  The government has said that it has “reached a commercial-in-confidence settlement with IBM” in relation to the Census debacle earlier this year that saw the website pulled offline.

• Vocus completes Nextgen Networks buyout

  Vocus Communications has completed its acquisition of Nextgen Networks, the company announced today. The deal with Nextgen Group also included the North West Cable System (NWCS) and the Australia Singapore Cable (ASC) development projects.

• Census shitfight: IBM blames Nextgen

  The fallout from the 2016 Census continues, with IBM pointing fingers at Nextgen and Vocus over the debacle — while at the same time acknowledging a significant technical misstep of its own.

• ACCC greenlights Vocus’ NextGen Networks acquisition

  The Australian Competition and Consumer Commission (ACCC) will not oppose a move by Vocus Communications to acquire Nextgen Networks. The proposed deal, unveiled in June and worth approximately $861 million, also includes the still under development North West Cable System and Australia Singapore Cable.

• Vocus moves to boost network with Nextgen acquisition

  Vocus Communications has moved to acquire Nextgen’s backhaul assets as well as the under-development North West Cable System and Australia Singapore Cable in a deal with approximately $861 million.