Former Telstra chair and current deputy chairman of Vocus Bob Mansfied has taken the reins as a non-executive independent chairman of the board, replacing Vaughan Bowen who has announced his resignation from the board.
Vocus chief executive Geoff Horth has left the company "by mutual agreement", according to an announcement made to the ASX on Monday.
The Vocus Group has reported $967 million in revenue for the first half of the 2018 financial year, with underlying net profit after tax (NPAT) of $68.6 million.
The Vocus Group has entered into a deal with Australia to undertake a scoping study on design, construction and procurement of an undersea cable system between the Solomon Islands, Papua New Guinea and Australia, displacing Huawei which was the original company signed to undertake the job.
The Vocus Group, Australia's fourth largest telecommunications outfit, has successfully connected its high-speed fibre-optic North-West Cable System to the INPEX-operated Ichthys LNG Project and Shell’s Prelude floating liquefied natural gas facility located off the north-west coast of Australia.
Australia's main telecommunications providers appear to be mostly wary of commenting on the security reforms for the industry which were passed by parliament last week.
Australian telco Vocus has denied that it has turned down a $3.3 billion takeover from US equity firm Kohlberg Kravis Roberts.
Telecommunications provider Vocus has experienced another day of falling share prices, ending Thursday at $2.38.
Australia's fourth biggest telecommunications company Vocus has issued a second profit warning in six months, downgrading its earnings forecast by almost $100 million and causing its shares to fall by close to 30%.
Telecommunications group Vocus has delivered record profits for the full year to the end of June, in what the company says was a “significant year of transformation”.
Fast growing ASX listed telco M2 Group (ASX:MTU) has thrown a spanner in the works of TPG’s $1.5 billion cash bid to buy number three broadband provider iiNet with what looks to be a sensational $1.85 billion counter offer combining scrip in the merged company plus a cash bonus to shareholders. Early indications are that the market likes the proposed M2 deal a lot better than the TPG offer.
Dud Swans? Wasn’t Swan one of your colleagues once?
If the Government and State Governments were fair dinkum they would be using existing legislation to protect children on line.In[…]
https://uploads.disquscdn.c... This is rubbish, I respect ITNEWS and I would love to see opinion pieces labeled as opinions.... this is[…]
My head is spinning. Did the Feds just gift Telstra a couple bill to buy a business?
Great news & well done Joe & Gary!Defence businesses, not just candidates can also use DISP members to help with[…]