Page 27 - Vocus Group News Today

Telco giant Vocus given greenlight to build Whangārei satellite station 7 Apr, 2021 05:30 PM 3 minutes to read Great South chief executive Graham Budd during a fiery meeting about the satellite station with Ruakākā locals back in January. Photo / Imran Ali Great South chief executive Graham Budd during a fiery meeting about the satellite station with Ruakākā locals back in January. Photo / Imran Ali Imran Ali is a reporter for the Northern Advocateimran.ali@nzme.co.nznorthernadvocat A telc...

Infratil’s big war chest has bankers dialled in Save Share Infratil has almost enough cash to swallow Vocus Group. The first thing it’ll have to do is pay some hefty fees to its manager Morrison & Co, but even then it is likely to have north of $1.5 billion to deploy. Infratil is a specialist renewable energy infrastructure investor, with stakes in wind, solar and hydro companies.  Nicolas Walker The question then will be what to do with all the cash. If there’s one thing we k...

13 hot tech companies sold offshore: Did NZ benefit? 13 minutes to read This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired by Nasdaq-listed Bentley Systems for $1.45b. Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that in...

Founder says Vends $455m offshore sale will be good for NZ 12 Mar, 2021 04:45 AM 5 minutes to read Vend founder Vaughan Fergusson began his company with a single customer - a clothing store in Remuera, but it was enough to gain the attention of early backer Sam Morgan. Photo / Jason Oxenham Backers of Auckland-based retail software company Vend say its US$350 million ($455m) sale to a US competitor will be good for New Zealand. The sale has potential to reignite debate about why so man...

* Vocus top gainer on ASX200 after agreeing A$3.5 bln buyout (Updates to close)

* NZ to buy enough Pfizer COVID-19 vaccines for entire population

By Reuters Staff 2 Min Read (Reuters) - Australia’s Vocus Group said on Tuesday it had agreed to a A$3.5 billion ($2.68 billion) takeover offer from a consortium of a Macquarie fund and pension fund Aware Super, sending its shares to a more than four-year high. Last month, Macquarie Infrastructure and Real Assets Holding (MIRA) and Aware Super had agreed to team up for a A$5.50 per share non-binding offer for the Melbourne-based fibre network owner. The buyout offer from the Macquarie-led con...

The Australian market closed higher for the second straight session on Tuesday, 09 March 2021, as investors risk sentiment continued to received support after a prominent survey showed business confidence rose to decade highs in February and hopes for faster economic recovery from the coronavirus pandemic. At closing bell, the benchmark S&P/ASX200 advanced 31.59 points, or 0.47%, to 6,771.16. The broader All Ordinaries rose 28.78 points, or 0.41%, to 7,000.43. The heavily-weighted financials ad...

Vocus Group agrees scheme of arrangement with Macquarie-led consortium. The pending float of telco Vocus New Zealand has been halted by an agreed A$3.5 billion takeover deal for its ASX-listed parent Vocus Group. An initial public offer for Vocus NZ was announced last November, with Goldman Sachs, Jarden and Craigs appointed joint lead managers. Last month Vocus said the process was “progressing well” despite speculation a proposed offer from the Macquarie-led consortium would interrupt i...

Vocus owns Orcon and Slingshot on this side of the Tasman and will soon run Sky Broadband.