Vocus Communications Ltd (VOC.AX)
9 Dec 2016
Nov 29 Australian shares ended a touch lower on Tuesday as investors adopted a cautious stance after a weak Wall Street finish weighed on regional markets, with losses in the materials sector tugging on the main index.
SYDNEY Australia's Vocus Communications Ltd said it plans to buy smaller rival Nextgen Networks and two undersea cable projects in a deal worth up to $640 million, as it seeks to close the gap on market leader Telstra Corp Ltd .
* Vocus to pay as much as $640 mln for Nextgen, cable projects
SYDNEY, June 29 Australian telecom company Vocus Communications Ltd said Wednesday it would acquire fibre network owner Nextgen Networks and other assets from infrastructure giant CIMIC Group for up to A$861 million ($636.97 million).