Communications giant Vocus has today revealed it will launch a business-focused mobile virtual network operator to challenge the dominance of Telstra, Optus and TPG in the sector.
The competition watchdog will not oppose Vocus Group Limited's proposed acquisition of TPG Telecom Limited's fixed business and fibre network assets in a deal worth billions.
The coast-to-coast connection spans from Brisbane to Perth, and will offer data transfer speeds of up to 400 gigabits per second on a single optical wavelength.
A lithium miner and telecommunications firm are working with an Aboriginal tech startup to build satellite-connected hubs in remote communities offering reception on par with Perth.
A new data centre switched on in Australia's mining heartland could turbocharge the industry's investment in automation and remote operation technology.
A high-capacity data cable connecting the Pilbara to Perth will be switched on at the end of 2024, boosting the region's ability to latch onto technology improvements.
Tony Grist, Gavin Rezos and Stephen Langsford are prolific dealmakers - they share the lessons they've learned over three decades and explain what they look for in new investments.
Vocus shares have risen after the broadband provider said it had made progress digging out of its mountain of debt and had delivered on major projects as part of a three-year turnaround.
Vocus Group shares have lost nearly a third of their value after AGL Energy abandoned a $3.02 billion takeover proposal less than a week after making a second offer for the internet provider.
AGL Energy has announced a new $3.02 billion offer for telco Vocus less than a week after Swedish private equity firm EQT Infrastructure scrapped its own takeover bid for the Sydney-based company.
US company Equinix has announced plans to expand its Shenton Park data centre while seeking to differentiate itself from the likes of NEXTDC and Fujitsu, which are also upgrading their Perth data centre operations.
Vocus Communications has appointed former Optus boss Kevin Russell as managing director and chief executive, three months after Geoff Horth quit the broadband provider in the wake of an earnings warning.
A number of local mining companies have moved up the stock market rankings, with contractor Ausdrill included in the S&P ASX 200 index, while South32 has been admitted into the top 20 as part of the market's quarterly rebalance.
Seventeen months after Perth investor Anthony Grist left the board of Vocus Communications after failing to secure backing for a leadership shake-up, the three former M2 Group directors who retained control at that time have all resigned from the underperforming telco business.
Vocus chief executive Geoff Horth has left the company by mutual agreement with the board, a week after the telco posted a sharp fall in profit and cut its outlook.
Vocus Communications is aiming to sell its New Zealand business by the end of June as part of the internet provider's strategy of offloading non-core assets to slash debt.
Vocus Communications has appointed former M2 Group boss Vaughan Bowen and former Telstra chairman Bob Mansfield to lead a board tasked with turning around the faltering business
Shares in Vocus Goup have held steady despite a proposed class action alleging the telecommunications provider engaged in "misleading and deceptive conduct" and breached disclosure obligations.
Vocus Communications has reported a net loss of $1.46 billion after making heavy write-downs on goodwill for some of its recent acquisitions and abandoned paying a dividend to redirect funds to projects and debt reduction.
Investors have dumped shares in Vocus after Australia's fourth-biggest telco ended a $2.2 billion bidding war for the company, saying the two suitors were unable to support the buy on the board's terms.
Film distributor Village Roadshow has won in legal proceedings brought against telco services including Telstra, forcing them to block domain names for services used to illegally download movies and other programs.
Asian private equity firm Affinity Equity Partners has made a $2.2 billion offer for Vocus Communications, rivalling a similar bid from US private equity giant Kohlberg Kravis Roberts.
US private equity giant Kohlberg Kravis Roberts has moved a step closer to a takeover of Vocus Communications following the telco board's decision to open its books to a non-exclusive due diligence.
Shares in Vocus Communications fell almost 30 per cent following the telecom operator's second profit warning in six months, as management grapple with a raft of problems following its rapid expansion.
Two competing subsea cables are set to be built between Perth and Singapore after Vocus Communications finalised construction contracts this week, coinciding with a Telstra-led consortium striking an agreement with the same builder.
The Barnett government is hoping to slash its spending on information and communication technology (ICT) infrastructure by up to 25 per cent after signing contracts today with three international vendors.
Training provider Open Colleges has joined Bethanie, NBN Company and Vocus Communications in signing up this year for space at Workzone Building A, which is now fully leased.
TPG Telecom has reaffirmed its annual earnings guidance in a bid to ease investor concerns, a week after rival Vocus Communications spooked the market with its worst-than-expected earnings update.
