Shares in Andrew Forrest-backed telco Swoop more than doubled in value today as the company finished its first day of ASX trading with market capitalisation of $212 million.
Our board moves wrap includes Simon Youds, Ben Macnamara, Jimmy Wilson, Mick Daw, Lionel Liew, Tim Grice, Ryan Legudi, James Spenceley, Anthony Grist, Paul Reid, Matthew Hollis, and Tom Peregoodoff.
Two internet service providers backed by Andrew Forrest's Tattarang are set to merge and list on the ASX through a reverse takeover of Sydney-based outfit Stemify.
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.
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.
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.
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.
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.
