0
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 This announcement follows two recently withdrawn bids for the Vocus acquisition.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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Vocus
Countries: Australia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Vocus launches Microsoft Teams Direct Routing platform for wholesale customers

Published 13 Mar 2020 11:29 CET | Australia
Australian operator Vocus has officially launched Microsoft Teams Direct Routing services for wholesale customers using its Vocus ...

Sigma Systems partners Australia's Vocus Communications to drive digital transformation

Published 09 Jan 2020 11:05 CET | Australia
Sigma Systems entered a partnership with Australia-based Vocus Retail, the business and consumer division of Vocus Group, to ...

Vocus appoints Lewin as company secretary, Jegathesan resigns

Published 10 Sep 2019 08:14 CET | Australia
Australian operator Vocus has announced that Ashe-lee Jegathesan has resigned from her position of company secretary to take up ...

Vocus hits FY guidance, Network Services revenues jump 23%

Published 22 Aug 2019 10:38 CET | Australia
Australian operator Vocus has announced it has met guidance for the full year ended 31 June 2019. Vocus' core business Vocus ...

NZ watchdog charges operators for billing customers after contracts finished

Published 17 Jul 2019 15:53 CET | New Zealand
New Zealand's Commerce Commission has laid 13 charges against domestic operators CallPlus Services (trading as Slingshot), Flip ...

AGL withdraws bid for Australian operator Vocus

Published 18 Jun 2019 07:33 CET | Australia
AGL Energy reports it has ceased undertaking due diligence on Vocus Group. AGL has also decided to withdraw its non-binding, ...

Vocus to launch employee share scheme buyback

Published 18 Jun 2019 07:05 CET | Australia
Vocus Group has announced it will launch an employee share scheme buyback of 1.69 million ordinary shares which were issued ...

EQT abandons bid for Australia's Vocus

Published 05 Jun 2019 09:25 CET | Australia
Australian operator Vocus announced that it has terminated discussions with EQT Infrastructure in relation to its buyout ...

New Zealand's Commerce Commission finds mobile competition trending in right direction

Published 20 May 2019 13:26 CET | New Zealand
New Zealander mobile services market's competition indicators such as pricing, coverage and choice of mobile services were ...

Vocus Group proposes Timor-Leste link to NWCS cable

Published 06 Mar 2019 13:47 CET | Timor-Leste
The quality and price of internet access in Timor-Leste will only improve if the country reduces supply costs by building a ...





Calendar   /   Industry Events

11 Aug NTT fiscal Q1
11 Aug Viavi fiscal Q4
11 Aug Radcom Q2 2020
11 Aug Lumentum fiscal Q4
11 Aug Rakuten Group Q2
11 Aug Zoom Telephonics Q2 2020
12 Aug China Unicom Q2 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug Tecnotree H1 2020
13 Aug United Internet H1 2020
13 Aug Singtel fiscal Q1
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Teleste Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug Teleste Q2 2020
14 Aug Rovio H1 2020
14 Aug TDC Q2 results
17 Aug Bezeq Q2 2020
17 Aug Cellcom Q2 2020
18 Aug Ice Group Q2 results
18 Aug Partner Communications Q2 2020
18 Aug ON Semiconductor strategy update
::: More Calendar Items