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Vocus Group Limited
Company typePublic
ASX: VOC
IndustryTelecommunications
Predecessor
FoundedFebruary 5, 2016; 8 years ago (2016-02-05)
Area served
Key people
Geoff Horth (CEO)

David Spence (Chairman)

Vaughan Bowen (M2 founder, Executive Director)
ProductsData centre, Ethernet, dark fibre, broadband services, point of interconnect, VOIP, telephony, unified communications, submarine data cable,
Subsidiaries
List
Websitewww.vocusgroup.com.au

Vocus Group is a Trans-Tasman telecommunications company formed by the merger of M2 Group and Vocus Communications in 2016

History[edit]

Vocus was founded by James Spenceley[1] in March 2008.[2] In 2013, James Spenceley came in at No 81 on the BRW's Young Rich list after the business raised its annual revenue to $67 million.[3] Two years later, Spenceley became one of the youngest Australians in history to run a company worth more than $1 billion after Vocus merged with Perth-based Amcom.[4]

Amcom was founded in 1988[5] by Andrew Mclean to provide cabling services to CBD-based corporations and institutions in Perth. Amcom acquired a telecommunications carrier licence in 1998[6] and began building a fibre optic network. In 2009 Amcom won the Best Telecommunications Company of the Year 2009 - Australian Telecommunications Magazine.[7]

In December 2014, the board of Amcom approved the acquisition of the group by Vocus for AU$653 million.[8] In April 2015, rival TPG Telecom increased its shareholder stake in Amcom to 18.6 per cent in an attempt to block the merger.[9] TPG eventually built its stake to 19.9 per cent of Amcom.[10] In response, a campaign to persuade at least 75 per cent of shareholders to vote in favour of the merger was launched by both Amcom and Vocus. On June 15, 2015, the merger went ahead after 77 percent of Amcom shareholders voted in favour of the merger. In July 2015 the $1.2 billion merger between Amcom and Vocus was formally completed.[10] On June 29, 2015, CEO Clive Stein resigned after a 16-year career with the company in order to make way for incoming Vocus CEO James Spenceley to takeover the combined group.[11]

Executive director and founder James Spenceley and non executive director Tony Grist left the board of Vocus in October 2016 after a failed leadership succession proposal. [12]

Vocus Acquisitions[edit]

Vocus has made several acquisitions to extend its product and service offering. In 2014, Vocus purchased a data centre from ASG Group for $11.7 million.[13] In 2014 it also acquired Bentley data centre in Perth from IT solutions provider ASG for $11.7m.[14] The same year, it acquired FX Networks,[15] a New Zealand based fibre provider which services many of New Zealand’s major organisations including many government agencies, telco carriers, ISPs and enterprises.[16] In 2015, it acquired Enterprise Data Corporation, including two Sydney and Melbourne based data centres for $23.5 million.[17][18] In 2015, Vocus acquired SEA-ME-WE 3 Cable,[19] increasing the company’s investment in Western Australia.[20]

Amcom acquisitions[edit]

In September 2005, Amcom acquired the customers of Perth Internet service provider Arachnet for A$1.6 million, adding 5,200 broadband and 2,100 dial-up customers to their user base, increasing Amcom's total broadband numbers to 7,500.[21] In April 2007 Amcom Telecommunications completed the A$6.25 million acquisition of People Telecom’s Perth-based corporate services business.[22] The acquired assets include a client base using fibre and DSL-based broadband services and a large data centre facility with some 600 square metres of space.[23] In February 2010, Amcom announced that it intended to acquire 100% of the issued share capital of IP Systems Pty Ltd, an IP communications company delivering voice, video and data solutions to Australia and New Zealand.[24] The $5.3 million acquisition was completed in May 2010.[25] Amcom bought out L7 Solutions Pty Ltd in 2012 for AUD $15 million.[26] This allowed Amcom to expand its footprint in IT integration, managed services and consulting and additional of about 200 clients.[26]

References[edit]

  1. ^ "Vocus, M2 profits rise in final months before merger". Sydney Morning Herald. 26 February 2016. Retrieved 26 February 2016.
  2. ^ http://www.vocus.com.au/our-story
  3. ^ KEEBLE, TIM. "Hawks mean business: new owner James Spenceley". Illawarra Mercury. Retrieved 2016-04-18.
  4. ^ "James Spenceley's next big challenge". The Sydney Morning Herald. Retrieved 2016-04-18.
  5. ^ "amcom- ABOUT - Investors - Board of Directors". Retrieved 2007-09-13.
  6. ^ "WA Industrial Review - March 2007". Archived from the original on 2007-08-30. Retrieved 2007-09-14.
  7. ^ "Australian Telecom Awards 2009". Retrieved 2010-05-17.
  8. ^ "Vocus-Amcom deal seen as positive". Retrieved 2015-05-04.
  9. ^ "TPG confirms Amcom blocking stake". Retrieved 2015-07-26.
  10. ^ a b "Amcom shareholders rise up to beat David Teoh's TPG". Retrieved 2015-07-26.
  11. ^ "Amcom CEO resigns". Retrieved 2015-07-26.
  12. ^ "Vocus founder quits after leadership spill attempt". iTnews. Retrieved 2016-10-12.
  13. ^ "ASG Group to sell data centre for $11.7m". Computerworld. Retrieved 2016-04-18.
  14. ^ "Vocus spends $11.7m to buy ASG's Perth data centre". iTnews. Retrieved 2016-04-18.
  15. ^ "Telecoms provider Vocus buys NZ fibre optic networks company FX Networks". The Sydney Morning Herald. Retrieved 2016-04-18.
  16. ^ "Vocus / FX: What you need to know..." New Zealand Reseller News. Retrieved 2016-04-18.
  17. ^ "Vocus Communications to buy EDC data centres for $23.5 million". Computerworld. Retrieved 2016-04-18.
  18. ^ "Vocus splashes $23.5m on two data centres". iTnews. Retrieved 2016-04-18.
  19. ^ "Vocus buys submarine cable capacity from Telecom NZ". Computerworld. Retrieved 2016-04-18.
  20. ^ "Vocus buys Sea-Me-We 3 undersea cable between Perth and Singapore". ARN. Retrieved 2016-04-18.
  21. ^ "Amcom snaps up Arachnet for $1.6m". Retrieved 2007-09-14.
  22. ^ "People Telecom Ltd - BuddeComm". Archived from the original on 22 September 2007. Retrieved 2007-09-14.
  23. ^ "Amcom nabs People Telecom's Perth fibre". Retrieved 2007-09-14.
  24. ^ "iTWire - Amcom moves into enterprise telephony, buys IP Systems". Retrieved 2010-05-17.
  25. ^ "Amcom closes $5.3m IP Systems buy". Retrieved 2015-07-26.
  26. ^ a b "L7 Solutions now Amcom". www.amcom.com.au. Retrieved 2015-05-04.

External links[edit]

Category:Companies based in Perth, Western Australia Category:Internet service providers of Australia

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