Vocus Communications appears set to deliver the Perth-to-Singapore subsea telecommunications cable after inking a construction agreement with French company Alcatel Submarine Networks.
Vocus Communications shares have plunged more than 20 per cent after Australia's fourth biggest telecommunications group delivered a grim trading update following its rapid expansion.
Vocus Communications boss Geoff Horth has survived a proposal to remove him from the helm of the firm by Perth venture capitalist Anthony Grist and Vocus founder James Spenceley.
The competition watchdog says it won't oppose Vocus Communications' proposed acquisition of Nextgen Networks, plus two development projects, for up to $861 million.
Venture capitalist Anthony Grist has raised almost $10 million joining fellow board member and his private investment partner James Spenceley in selling down stakes in Vocus Communications to focus on the next generation of investments.
Vocus Communications is targeting the consumer market and has its sights on becoming Australia's "most loved telco", after its full-year profit more than trebled in the wake of mergers with M2 Group and Amcom.
Tech accelerator Vocus Upstart has named the seven successful applicants to be offered a placement in its program and seed funding to help grow their ideas towards commercialisation.
Deal hungry Vocus Communications is buying a Nextgen Group subsidiary, plus two WA-focused development projects, for up to $861 million to bolster its telecommunications infrastructure and earnings pipeline.
Vocus Communications is consolidating its workforce from the CBD and shifting to Northbridge, signing up to take two floors of space at Pier Street office building Workzone.
SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth's data storage capacity, and into new high-speed subsea cables.
Data and networks solutions business Amcom Telecommunications has won a $12.9 million contract to provide its services to SA Health over a three-year term.
As part of a backdoor listing with Falcon Minerals, prominent technology investor Anthony Grist has paid $US1.5 million to become a major shareholder in a US-based company that has experienced rapid growth selling 3D printers.
Recently-listed IT company Cirrus Networks has bought Amcom L7 Solutions for a knock-down price of $500,000, four years after current Cirrus directors Andrew Milner and Matthew Sullivan sold the business for $15 million.
A joint venture between Nextgen Group and Vocus Communications is considering plans to construct a submarine telecommunications cable between Perth and Singapore.
The competition watchdog has given the go-ahead for Vocus Communications to merge with M2 Group in a $3 billion deal that will create Australia's fourth largest telco.
Former Amcom Telecommunications chairman Anthony Grist has invested in listed tech company Decimal Software, which is seeking extra cashflow while awaiting the receipt of a research and development tax refund.
With the takeovers of iiNet and Amcom Telecommunications heading into the final stretch, the investment bankers and other advisers that worked on these deals will be looking forward to a very handy pay day of more than $40 million.
TPG Telecom has lifted its stake in Amcom Telecommunications to 19.9 per cent, making it harder for Amcom to win approval at next week's shareholder meeting for its planned merger with Vocus Communications.
Perth-based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.
The fate of Perth companies iiNet and Amcom Telecommunications rests with Sydney competitor TPG Telecom and its reclusive chairman David Teoh, and possibly with the competition watchdog, after a day of surprises.
The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.
Perth-based Amcom Telecommunications has posted a 16 per cent slide in half-year profit to $9.3 million on the back of a fall in revenue from its IT services business.
Vocus Communications has been successful in its bid to take over Amcom Telecommunications with the pair agreeing to a deal valuing Amcom at $652.7 million.
Western Australian companies are on the outer in the quarterly reshuffle of the S&P ASX indices, with local players including Iluka Resources and Medusa Mining dropping out.
Amcom Telecommunications is preparing for a busy end to the year as negotiations with Vocus Communications continue and TPG Telecom waits on the sidelines.
Information technology provider Amcom Telecommunications' share price has risen sharply after telco group Vocus Communications said it had acquired a 10 per cent stake and proposed a merger of the two companies.
Internet service provider vividwireless has signed a multi-year deal with national telecommunications firm Vocus Communications to increase the capacity of its Perth 4G mobile broadband network.
