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General

Vocus Group revamps operating structure, creates three business units

Wednesday 3 July 2019 | 08:15 CET | News
Australian operator Vocus has announced its 3-year turnaround strategy "to drive long-term, sustainable growth across all business units". Under this strategy, Vocus Group will be split into three independent business units, including the Vocus Network Services core business, Vocus Retail, and Vocus New Zealand. This announcement follows two recently withdrawn bids for the Vocus acquisition. AGL Energy ceased undertaking due diligence on Vocus Group and also decided to withdraw its non-binding, indicative proposal to acquire Vocus in June. Also in June, Vocus terminated discussions with EQT

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Categories: General
Companies: Vocus
Countries: Australia
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