M2 ceo geoff horth will be appointed ceo of the merged group. Vocus group has revealed details of key partners for its network. Vocus group limited, formerly known as vocus communications, is an international. The company operates additional offices in the united states. Vocus acquisitions of m2 and nextgen networks leads to explosive growth.
How to handle the m2 vocus merger to account for cgt. While the merger does not result in an immediate tax event due to rollover relief, you may be subject to capital gains tax if you sell your newly acquired vocus shares within the next 12 months. M2 group and vocus to merge collaboration telco networking. Contact us for sales, enquiries, and support vocus. Were pleased to announce that on the 5th february, 2016, m2 group ltd and vocus communications limited obtained the final court approval to proceed with the merger of the two companies. The merger with vocus is a welcome addition of scale for both companies, says david kennedy, research director of telecoms, ovum. After its incorporation in 2008, vocus engaged in a string of acquisitions including the 2015 purchase of amcom and the 2016 merger with merger with m2. Callplus was a telecommunications company providing phone, calling, internet, mobile and advanced connectivity services to new zealand businesses. Cision and vocus unite, ushering in the future of pr and. The supercore project involved the consolidation of halfadozen networks, with the group having already completed the migration of amcom and vocus, and the m2 migration expected to be completed. The vocus support centre is available for 24x7 support via phone, or also via email during business hours.
The consumer watchdog has approved the m2 vocus merger, saying it will not lead to market control of calling, data, and broadband. M2 group vocus hoping accc can solve broadband affordability if nbn cannot it helps explain why telstras broadband market share has jumped from 41% on adsl to almost 50% on the nbn, and why the market share of. Jul 02, 2010 vocus acquired amcom in 2015 of fy14 and merged with m2 group in 2016. Vocus confirms buyout offer at a big premium nz herald. Sep 28, 2015 upheaval in the australian telecommunications continues with the blockbuster announcement that m2 and vocus are to merge. Though still less than half its alltime high, hit in mid2016 before merger wobbles with m2, vocus asxlisted stock has rallied over the past 12months, giving it. Basware renews purchasetopay and einvoicing services. Vocus is urgently addressing the significant turnaround challenge it faces within its smb business, commander, after it suffered 15. The company also bought nextgen networks in june 2016, which closed in october 2016.
Vocus consolidates networks, looks to sdn computerworld. The m2 group is the parent company of iconic brands dodo, iprimus, commander and engin. For m2 shareholders, this means that your m2 shares mtu will be converted into vocus voc shares at a set ratio. Oct 28, 2019 vocus said it intended to lean on software defined networking sdn and network functions virtualization nfv to deliver a programmable network. The merger made vocus australias fourth largest telecommunications company with 471,000 subscribers. The merger made vocus australias fourth largest telecommunications company with 471 000 subscribers. For all other general and billing enquiries, our customer care team is available during business hours. Vocus, m2 merger to create australias fourthlargest telco. See the complete profile on linkedin and discover andrews connections and jobs at similar companies. Vocus group has revealed details of key partners for its network transformation program, which the telco says will speed up provisioning and offer more selfservice options to its business customers. Vocus consolidates networks, looks to sdn networking. The vocus group including iprimus, commander, m2 clear, dodo, eftel, aanet, clubtelco and engin prides itself on delivering great customer service and is committed to its obligations in accordance with the telecommunications customer service guarantee standard 2011 csg standard.
Merger with m2 makes vocus a force in nz computerworld. This allows vocus access to the nbn backhaul as well as infrastructure in northern australia serv. Basware renews agreement with vocus in australia thepaypers. Vocus acquired amcom in 2015 of fy14 and merged with m2 group in 2016.
Interim results for fy20 will be released to the market on wednesday 19 february. In the latest redrawing of australias telecommunications sector, vocus communications ltd. M2 group ceo geoff horth will become ceo of the combined group while vocus ceo james spencely will become an executive director. Cision and vocus unite, ushering in the future of pr and social software the pr powerhouses finalize combination, announce cision as the new company name and appoint executive team chicago october 14, 2014 ushering in the future of public relations pr, cision and vocus have officially joined forces, finalizing their combination. Vocus merged with m2 in september 2015 to create the usd 3 billion telecommunications company. Vocus issued 300,083,420 new ordinary vocus shares as consideration for the m2 shares transferred to a wholly. Vocus software wikimili, the best wikipedia reader. Find your ideal job at seek with 7 vocus jobs found in all australia. Vocus was founded in 1992 by rick rudman and bob lentz and was a publicly held company until june 2014 when it was taken.
The m2 group is the parent company of iconic brands dodo, iprimus. Mtu reverse acquisition was rather deafening, but as our funds are shareholders in each entity we had extensive due diligence to complete before any response could be warranted. Vocus communications news, features, and slideshows. Scheme of arrangement approved by m2 group ltd m2 scheme shareholders on 28 january 2016 and the supreme court of victoria on 5 february 2016 was implemented today. Russell told the july strategy briefing that vocus network services, which includes the its enterprise, government and wholesale businesses, is the groups core business. Vocus said it intended to lean on software defined networking sdn and network functions virtualization nfv to deliver a programmable network. M2 and vocus the merger, which is proposed to be implemented by a scheme of arrangement between m2 and its shareholders the scheme. Since 2016, callplus has been part of the vocus group, which is the thirdlargest telecommunications company in new zealand, and fourthlargest in australia. Vocus brilliantly simple solutions for your network. Consumer general manager at vocus group new zealand. Share prices are taken from the asx data service, and are at least 20 minutes delayed. In february 2016, vocus merged with m2, an infrastructurelite but a salesforceheavy telecommunications services reseller with a predominant focus on small businesses and consumers. Vocus details suppliers for future state network transformation.
During the merger, m2 group saw the opportunity to expand their software as a service saas platform to incorporate basware purchasetopay, as well as add. Feb 22, 2017 vocus acquisitions of m2 and nextgen networks leads to explosive growth by brendon foye on feb 22, 2017 4. This company page is no longer active, following m2 group ltds merger with vocus group limited in february 2016. In addition to its webbased pr software suites, the company owns the online publicity services, prweb and help a reporter out. View andrew cavills profile on linkedin, the worlds largest professional community. Our investor centre provides uptodate information on vocus, including recent company releases, webcasts and shareholder services. The silence on the montgomery blog around the vocus communications limited asx. After a series of mergers and acquisitions across the two businesses a subsequent merger with nextgen networks in 2017, the transition to make vocus a worldclass telecommunications infrastructure platform spanning australia and new zealand began. After its incorporation in 2008, vocus engaged in a string of acquisitions including the 2015 purchase of amcom and the 2016 merger with merger.
These instructions depend on the provision of capital gains tax rollover relief, pending a class ruling from the australian taxation office. The consumer watchdog has approved the m2vocus merger, saying it will not lead to market control of calling, data, and broadband. The board of the combined group would also be a merged entity. Vocus group has revealed details of key partners for its network transformation program, which the telco says will speed up provisioning and offer more selfservice options to. Vocus urgently addresses commander turnaround challenge. Upheaval in the australian telecommunications continues with the blockbuster announcement that m2 and vocus are to merge. The updates focus on providing marketers with deeper customer data to execute. Vocus was a public relations software company based in beltsville, maryland, united states, serving clients worldwide from 1992 to 2014. Vocus chief executive geoff horth told shareholders at tuesdays agm that there. Vocus merged with amcom in 2015 of fy14 and m2 group in 2016. Vocus is a leading specialist fibre and network solutions provider. First announced in september 2015, the merger will create australias fourth largest telco by market capitalisation and will operate under the vocus brand. I worked at vocus group fulltime for more than 3 years.
Taryn hamilton consumer general manager vocus group. If the scheme is approved, m2 shareholders will receive 1. Vocus had merged with m2 in february 2016 to form the thirdlargest telecommunications provider in new zealand and the fourthlargest in. Vocus communications voc merged with m2 group mtu, and issued shareholders of mtu with shares in voc. Vocus group was founded in 2016 when vocus communications and m2 merged to create the 4th largest telco in australia. The supercore project involved the consolidation of halfadozen networks, with the group having already completed the migration of amcom and vocus, and the. The merger creates the fourth largest vertically integrated telecommunications company in australia and the third largest in nz.
Asxlisted telecom companies m2 and vocus announced a merger to create the regions 4th largest telco by market cap and to realise cost savings by combining operations what the merger means for investors. How to handle the m2 vocus merger to account for cgt sharesight. Vocus was founded in 1992 by rick rudman and bob lentz and was a publicly held company until june 2014 when it was taken private by chicagobased private equity company gtcr. After a series of mergers and acquisitions across the two businesses a subsequent merger with nextgen networks in 2017, the transition to make vocus a worldclass telecommunications infrastructure platform spanning australia and new. Vocus and m2 merger approved posted on february 09, 2016 were pleased to announce that on the 5th february, 2016, m2 group ltd and vocus communications limited obtained the final court approval to proceed with the merger of the two companies. View all our vocus vacancies now with new jobs added daily.
See who you know at m2 group ltd, leverage your professional network, and get hired. In addition to its webbased pr software suites, the company owns the online publicity services, prweb and help a reporter out haro. Since 2016, callplus has been part of the vocus group, which is the thirdlargest telecommunications company in new zealand, and fourthlargest in australia annette presley and malcolm dick married at the time founded. Vocus said it intended to lean on softwaredefined networking sdn and. View taryn hamiltons profile on linkedin, the worlds largest professional community. Feb 22, 2016 scheme of arrangement approved by m2 group ltd m2 scheme shareholders on 28 january 2016 and the supreme court of victoria on 5 february 2016 was implemented today. Buy vocus group shares stocks view live price and chart. Vocus acquisitions of m2 and nextgen networks leads to explosive growth by brendon foye on feb 22, 2017 4. More than that, during the merger, m2 group saw the opportunity to expand their software as a service saas platform to incorporate basware purchasetopay, as well as add additional regionsbusiness units to their solution. Andrew cavill software development manager vocus group. Mtu are to merge in a deal which will see the two listed companies create a fullservice vertically integrated telco with a.
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