Displaying items by tag: Vocus

Vocus chief executive Geoff Horth and chairman David Spence will host an investors day tomorrow, looking to persuade US private equity firm Kohlberg Kravis Roberts to raise its $2.2 billion bid, or else to attract another buyer.

Australia's fourth biggest telecommunications company Vocus has received a $2.2 billion takeover offer from private US equity firm Kohlberg Kravis Roberts.

The competition watchdog has issued its list of final prices for high-speed Internet supplied by non-NBN services.

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%.

Wholesale access services on the National Broadband Network have climbed past two million nationally, and in regional areas of Australia, Telstra maintains its dominance, but has progressively lost ground to competitors in their take-up of the wholesale services.

The head of a medium-sized telecommunications firm says competition in the sector has been hit for six by the decision to have as many as 121 points of interconnect for the national broadband network.

Salesforce has sealed a multi-million dollar deal with telecommunications group Vocus to roll out its CRM platform across all of the telco’s consumer and small business brands including dodo, iPrimus and Commander.

Telco Vocus has achieved record revenues and profits for the six months to the end of December last year on the back of the acquisitions of Nextgen and the M2 group of companies.

Telstra still dominates the wholesale market for resale of National Broadband Service (NBN) products, but a newly published report reveals that competitors are making inroads into the telco’s traditional dominance of broadband services in regional areas.

The Australian Competition and Consumer Commission has issued a draft decision outlining the prices retail service providers will pay, in the absence of a commercial agreement, to acquire NBN-like fixed line superfast broadband wholesale services on non-NBN networks.

The Vocus Group has announced a deal with Alcatel Submarine Networks to build the Australia Singapore Cable.

The operators of the National Broadband Network, NBN Co, continue to ramp up wholesale access services to the network, increasing by more than a quarter of a million over the previous quarter the number of services supplied in the three months to the end of September.

Vocus Communications has hit back at IBM's claims that it was complicit in the 2016 census debacle, saying that the site went down because IBM employees incorrectly identified normal data traffic as data exfiltration and manually turned off their Internet gateway routers.

Nextgen Networks has hit back at IBM's claims that it was to blame for the census stuff-up, saying that its offer of protection against distributed denial of service attacks was rejected.

IBM has laid the blame on Nextgen Networks, and, through it, Vocus Communications, for the collapse of the census website on 9 August, claiming that its instructions to cut off overseas access when a distributed denial of service attack took place were not implemented.

The Australian Competition and Consumer Commission (ACCC) has given the final green light to Vocus’ acquisition of Nextgen Networks with its decision not to oppose the deal on the grounds of diminished market competition.

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”.

New Zealand's competition watchdog, the Commerce Commission, is investigating whether changes to regulation of backhaul services in the country’s telecommunication sector are needed to promote greater industry competition for the long-term benefit of consumers.

Telstra continues to hold onto its position as Australia’s largest telecommunications company, with the latest report from the ACCC showing the telco dominates the National Broadband Network, acquiring 48% of the NBN’s wholesale access services in the June quarter, well ahead of its competitors.