[AusNOG] News: Vocus Aquires 10.0% Interest in Amcom

[Skeeve Stevens]

In very interesting news likely to have impact on the industry.

...Skeeve

From:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01566518

ASX Release
27 October 2014

VOCUS ACQUIRES 10.0% INTEREST IN AMCOM

Vocus Communications Limited (“Vocus”, ASX: VOC) announces that it holds an
interest of 10.0% in Amcom Telecommunications Limited (“Amcom”, ASX: AMM).

Vocus has approached Amcom with the aim of arriving at an agreement under
which Amcom’s Board of Directors would recommend a combination of the
businesses with Amcom’s shareholders receiving Vocus scrip for their shares
in Amcom. The approach was subject to satisfactory due diligence,
resolution of any change of control issues and other conditions.

“The assets and operations of Vocus and Amcom are highly complementary and
the potential combination offers an enhanced growth platform, while
creating a truly national player to capitalise on the evolving
opportunities in the telecommunications sector”, said Vocus CEO James
Spenceley.

“The proposed scrip consideration represents an attractive opportunity for
Amcom shareholders to share in the ongoing growth of the high quality
businesses and the favourable industry positioning of the combined entity.”

----

In related news: Jason Sinclair, former COO of Megaport and former CEO of
Pipe Networks joined Amcom in September as Group Executive - Sales and
Operations Eastern Region
<https://www.linkedin.com/vsearch/p?title=Group+Executive+-+Sales+and+Operations+Eastern+Region&trk=prof-exp-title>
.


*Skeeve Stevens - *eintellego Networks Pty Ltd
skeeve at eintellegonetworks.com ; www.eintellegonetworks.com

Phone: 1300 239 038; Cell +61 (0)414 753 383 ; skype://skeeve

facebook.com/eintellegonetworks ;  <http://twitter.com/networkceoau>
linkedin.com/in/skeeve

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