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By Ry Crozier on May 4, 2021 11:05AM
Connecting Geraldton and Port Hedland.
Vocus will deploy a 2000km high-capacity fibre link between Geraldton and Port Hedland in Western Australia by the end of next year.
Codenamed ‘Project Horizon’, it is designed to provide a “missing link … between Port Hedland, where [Vocus’] North West Cable System from Darwin lands, and Geraldton, where [the company’s] terrestrial network ends,” chief operating officer Ellie Sweeney told the
CommsDay Summit in Sydney.
“The first stage of this program of work is now underway,” she said.
“Project Horizon has been part of our long-term network extension plans for several years, and the high-level design work has already been completed.
Vocus has posted strong financials in H1 FY2021 to complete its three-year turnaround plan ahead of schedule, crediting wins from enterprise and wholesale customers.
In the half year ended 31 December 2020, the telco reported revenue of $897.4 million, down 0.5 percent year over year from $901.9 million. EBITDA is up 3.8 percent year over year to $188.1 million, while net profit after tax is up 49 percent to $19.1 million.
The strongest segment for the period was Vocus Network Services, the company’s enterprise and wholesale business, which had 8 percent EBITDA growth and an 11 percent increase in recurring revenue.
In addition to government and enterprise, international customers and sales on the Australia-Singapore Cable also contributed to the growth.