Vocus group stories
Vocus Communications has seen its revenue soar 181%, with NPAT up 203% in its last financials prior to the M2 merger.
The proposed merger of Vocus and M2 has moved a step closer with M2 shareholders voting in favour of the deal, but court approval is still required.
Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.
Vocus and M2 have gone into a trading halt on the ASX as the companies await the outcome of a court hearing on the Vocus' proposed acquisition of M2.
The Commerce Commission says it is satisfied that the acquisition will not substantially lessen competition in the affected markets.
The ACCC will not oppose Vocus' proposed acquisition of M2 Group, saying there is limited business overlap and the deal will consolidate a 4th player.
Ovum has dubbed the proposed merger of Vocus and M2 as 'a welcome addition of scale for both companies', noting we are now in 'consolidation endgame'.
Vocus and M2 plan to merge creating a $3 billion telco with capabilities 'relevant to every individual, corporate and government entity' in ANZ.
Vocus is ramping up its offerings as it completes its largest acquisition and adds managed services, cloud and security solutions to its lineup.
Vocus Communications' acquisition of Amcom passes its final hurdle, receiving court approval, creating a new telecommunications powerhouse.
Vocus Communications took a step closer to merging with Amcom, shareholders, despite opposition from a key shareholder.
Vocus Communications boosted its first-half sales in New Zealand by 81 percent after buying local fibre-line provider FX Networks last year.
Vocus Communications' Commander business is launching a new assault on the channel, with plans to double its partner base this year.
M2 has announced the first of its new offerings on the Vocus network, launching the Commander ultra-fast internet service for Australia's East Coast.
Aussie's M2 Group is counting on its CallPlus acquisition to deliver big returns and, combined with Vocus, deliver 18% of its $1.8b revenue from NZ.
M2 Group has recorded solid revenue and NPAT increases for FY2015, as the company gears up to merge with Vocus Communications.
Canva's Melanie Perkins is the big winner in this years NSW Technology Entrepreneur of the Year awards, which also saw Vocus' James Spenceley winning.
What next for Vocus? Is 2degrees of interest? A mobile network would certainly cover off all of the key market segments nicely (albeit only in NZ).
Amcom chief executive Clive Stein steps down, with Vocus boss James Spenceley taking the helm at the combined Vocus-Amcom business.
Vocus Communications has announced Maxine Elliott has been appointed as the new Chief Executive Officer of Vocus NZ, effective March 3 2015.
