Vocus Communications
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| Traded as | (ASX: VOC) since 2 July 2010 |
| ISIN | AU000000VOC6 |
| Industry | Diversified Telecommunication Services |
| Founded | 2008 by James Spenceley |
| Headquarters | Sydney, Australia |
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| Website | www |
| Traded as | ASX: AMM until 9 July 2015 |
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| ISIN | AU000000AMM3 |
| Founded | 1988 in Perth |
| Parent | Vocus Communications |
| Website | www |
Vocus Group Ltd., formerly known as Vocus Communications, is an international telecommunications company headquartered in Sydney, Australia. Founded as a business telecommunications provider, Vocus provides internet access to a small percentage of the fibre networks across Australia and New Zealand. Vocus offers Data Network services like Internet, Dark Fibre, IP WAN, Unified Communications and Telephony and Cloud Services to mid, large and corporate businesses direct and also acts as a wholesaler. The company owns and operates 18 Data Centres across Australia and New Zealand and has an onshore Network Operations Centre (NOC) run by the engineers who built the network.
Vocus merged with Amcom in 2015 of FY14 and M2 Group in 2016. Ahead of its AU$3.75 billion merger with M2 Group, which happened on 22 February 2016, it reported profits of AU$62.25M. The merger made Vocus Australia's fourth largest telecommunications company with 471,000 subscribers.
The company also acquired Nextgen Networks for $861 million reported June 2016 and set to close by October 2016. This allows Vocus access to the NBN backhaul as well as infrastructure in Northern Australia serving the offshore gas projects.
Vocus was founded by entrepreneur and business tycoon James Spenceley in March 2008. 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. 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.
Amcom was founded in 1988 by Andrew Mclean to provide cabling services to CBD-based corporations and institutions in Perth. Amcom acquired a telecommunications carrier licence in 1998 and began building a fibre optic network. In 2009 Amcom won the Best Telecommunications Company of the Year 2009 - Australian Telecommunications Magazine.
In December 2014, the board of Amcom approved the acquisition of the group by Vocus for AU$653 million. In April 2015, rival TPG Telecom increased its shareholder stake in Amcom to 18.6 per cent in an attempt to block the merger. TPG eventually built its stake to 19.9 per cent of Amcom. 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. 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.
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