Displaying items by tag: Vocus Group

COMPANY NEWS: Fixed wireless and wholesale network infrastructure provider Swoop Holdings Limited has appointed David Michaels to the role of Chief Revenue Officer (CRO) following an “impressive FY23 result” which included 51% YoY revenue growth, a corresponding Underlying EBITDA of $16.3m, up from $13.0m, with an accompanying $0.5m positive free cash flow (FCF) position, its first quarter of positive free cash flow in Q4 FY23.

A New Zealand Commerce Commission investigation and subsequent High Court proceedings has resulted in more than 2,600 customers being refunded a total of nearly $480,000 after three companies, part of the Vocus Group, breached the Fair Trading Act.

New Zealand’s consumer competition regulator The Commerce Commission has received an application for clearance for a transaction that would see the merger of the Vocus Group with 2degrees.

New Zealand regulator The Commerce Commission has filed proceedings at the High Court in Auckland against Callplus Services Limited, Orcon Limited and Switch Utilities Limited – all subsidiaries of the Australian fibre and network solution provider Vocus Group - over allegations of failing to adequately disclose early termination fees of between $130 and $250 when entering uninvited direct sale agreements with consumers for broadband and power services between 17 June 2014 and 20 June 2020.  

IT and telecoms provider Over the Wire has appointed Lani Edwards to the role of general manager of partner and wholesale.

Telstra's decision to acquire Digicel Pacific is a political decision, Australia's top independent telecommunications analyst Paul Budde says, adding that it would never have happened without the involvement of the government.

ASIC has levelled two counts of insider trading charges against Vaughan Garfield Bowen, of Brighton, Victoria. Bowen appeared on 14 September via legal representatives in the Melbourne Magistrates Court.

The Vocus Group board has recommended that its shareholders accept an offer Macquarie’s infrastructure fund and Aware Super to acquire the company at a valuation of $3.5 billion.

The Vocus Group telecommunications company has appointed financial advisers in preparation for an Initial Public Offering (IPO) of Vocus New Zealand expected to be undertaken before the end of 2021.

The Vocus Group has reported total revenue of $1.78 billion for the 2019-20 financial year, a drop of 6% on the 2018-19 period.

Australia’s competition watchdog the ACCC is taking court action against retail service providers Dodo and iPrimus alleging they made false or misleading claims about the NBN broadband speeds their customers could achieve during busy evening hours.

Data centres service provider DCI Data Centers has appointed Malcolm Roe as Chief Executive Officer for Australia.

The Vocus Group has signed a deal with rare earths firm Northern Minerals to supply the company's broadband needs in partnership with the NBN Co, the company building Australia's broadband network. The solution uses the NBN Co's business satellite service.

Australian telecommunications company Vocus Group has announced a major step forward in its Future State program with the appointment of Arista Networks, Ciena's Blue Planet and DGIT Systems as partners to deliver the program.

The Vocus Group has completed the final splice of the 4700km Coral Sea Cable System which provides a fibre optic link between Australia, Papua New Guinea and the Solomon Islands.

Australia's fourth largest telecommunications company, the Vocus Group, has announced that it will be simplifying its business into three independent business units.

The Vocus Group has denied media speculation that it would be organising a fresh round of equity raising, saying it refinanced its debt facility in June last year.

Vodafone Hutchison Australia chief executive Iñaki Berroeta has criticised Telstra for seeking a drop in NBN prices at a time when it is receiving $2.5 billion from NBN Co for use of its infrastructure and for customers who have been transferred over.

Fibre network services provider the Vocus Group has held revenue more or less steady for the half-year 2019, with the company pulling in $974.2 million, a rise of 1% over the $967.3 million reported for the half-year 2018.

The Australia Singapore Cable is now fully operational and is the first carrier-owned cable system that will be a boon to both users and businesses in Australia, the Vocus Group announced on Friday.