Australia's fourth largest telecommunications company Vocus Communications has advised the ASX that it has received an indicative takeover offer from Swedish private equity firm EQT Infrastructure for A$5.25 per share, valuing the company at A$3.3 billion.
Australia lags well behind Asia Pacific markets like Singapore, China and South Korea in the take-up and penetration of fibre to the home/building (FttH/B) services, according to a newly published report.
The Australian Labor Party has said it would review the economics of the NBN, including the implications of the multi-technology mix, on the cash-flow of the NBN Co, the company which is rolling out the network, if it were voted back into office in the forthcoming Federal Election.
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