[AusNOG] DR = Vocus

[Skeeve Stevens]

I was JUST about to post about it!

>From the Vocus website:

FRIDAY 8th APRIL 2011
                 Vocus acquires dark fibre network Digital River for
$3.95m in cash. For more information please see our ASX release linked
here <http://www.vocus.com.au/media/Vocus20110408.pdf>


----
ASX RELEASE 8 April 2011

Vocus acquires dark fibre network

Vocus Communications Ltd. (ASX:VOC) announced today that it has entered
into an agreement to acquire the assets of Digital River Networks Pty Ltd,
a national dark fibre network operator. Completion of the sale is expected
to occur within the next 4 weeks, subject to conditions precedent.

The main assets acquired are 59 km of dark fibre predominantly in the
Melbourne and Sydney CBDs and the associated customer contracts for the
supply of dark fibre and metro ethernet services.

The purchase price for the assets is $3.95m in cash.

Vocus CEO, James Spenceley said: ³The addition of a dark fibre network
brings a new product set to the company allowing Vocus to provide bundled
metro fibre services with existing data centre and IP Transit products on
a network entirely owned by Vocus. This is an important milestone for the
company in our strategy to become the leading infrastructure provider to
the telco, cloud computing and retail ISP markets.²

Vocus expects to make further investments in the fibre network to enhance
its reach and sales.

The transaction is expected to be earnings accretive in the second half of
FY12 and funded from existing cash reserves.

About Vocus
(ASX:VOC) Vocus Communications is an ASX listed leading telecommunications
provider of wholesale data centre, voice, peering and international
Internet connectivity to telecommunications companies and ISPs across
Australia, NZ and the US. The company provides high performance, high
availability, and highly scalable communications solutions, which allow
service providers to quickly and easily deploy new services for their own
customer base.
For further information contact Karen Tearney on 0410 743 151 /
karen at republic-pr.com

---



...Skeeve
 
--
Skeeve Stevens, CEO - eintellego Pty Ltd - The Networking Specialists
skeeve at eintellego.net ; www.eintellego.net
Phone: 1300 753 383 ; Fax: (+612) 8572 9954
Cell +61 (0)414 753 383 ; skype://skeeve
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On 8/04/11 3:05 PM, "Luke Iggleden" <luke at sisgroup.com.au> wrote:

>Hey All,
>
>Vocus is buying up the town, again.
>
>http://www.computerworld.com.au/article/382672/vocus_acquires_dark_fibre_n
>etwork_assets/
>
>Good to see the DR assets going to a good home.
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