Browsing articles in "Board of Directors"

Vocus Communications Limited (ASX:VOC) makes into the ASX 300

Mar 7, 2014   //   by Vocus   //   ASX Announcements, Board of Directors, Vocus News  // 

Vocus Communications Limited (ASX:VOC) is pleased to announce that it has been admitted to the S&P ASX 300 Index, effective from the close of trade on March 21, 2014, as part of S&P’s quarterly rebalancing. The S&P/ASX 300 is comprised of the top 300 listed companies in Australia. In order to be eligible for inclusion in any of the S&P/ASX indices, stocks must meet certain criteria regarding listing, size and liquidity.

The admission caps off a strong year for Vocus, having been admitted to the All Ordinaries index (which represents the top 500 companies by market capitalisation) in March 2013.

Read the full S&P Index Announcement here

For more information on (ASX:VOC) read the HY14 Results Presentation

Vocus Declares Maiden Dividend

Feb 28, 2013   //   by Vocus   //   ASX Announcements, Board of Directors, Vocus Investor, Vocus News  // 

VOCUS Communications Limited (ASX: VOC), a leading Australian provider of Internet, Fibre, Voice and Data Centre services, today announced its results for the half year ended to 31 December 2012.

Revenue for the first half of FY2013 was $30.6 million, up 40.0% from $21.9 million in the previous corresponding period.

Underlying Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) which excludes foreign exchange gains and losses, was $9.8 million, up 29.3% from $7.6 million.

Reported NPAT for the half year period was $4.2 million up 19.8% from $3.5 million. Fully diluted earnings per share for the half year period were 5.52 cents v 5.50 cents in the previous corresponding period.

Given the strong result, an interim fully franked dividend of 0.4 cents per ordinary share will be paid on 26 March 2013, with a record date of 12 March 2013.

James Spenceley, CEO of Vocus said: “FY2013 is a transformational investment phase, with significant funds being invested in building strong long term assets. Cash flows are robust and expected to grow over time as Vocus shifts its focus from building infrastructure to the leveraging the assets built.”

“On the basis of the strong results and growing asset base, the Board has decided to start rewarding the shareholders with an initial conservative dividend.”

“Vocus has approximately $13.3m in cash and a signed term sheet for $13m of additional acquisition bank facilities. This will allow the company to continue its organic and inorganic plans, giving the company a strong platform for continued growth.”

Click here to download the ASX Release

Vocus expands Fibre and Data Centre operations with IPERA acquisition 

Dec 7, 2012   //   by Vocus   //   ASX Announcements, Board of Directors, Our Network, Vocus Investor, Vocus News  // 

Vocus Communications Limited (ASX: VOC) today announced it has entered into a binding agreement to acquire Ipera Communications Pty. Ltd the leading Fibre and Data Centre operator in the Newcastle region of NSW.
The acquisition will see Vocus expand its fibre network by 55 kms in Newcastle with an additional 81 buildings added to the already growing number of Vocus on-net fibre buildings. Continuing the strategy of combining Data Centres and Fibre, the acquisition adds two geographically diverse data centres in Newcastle.

James Spenceley, CEO of Vocus said “With a mix of fibre and data centres, the acquisition of Ipera is very complementary.  Ipera’s combination of large corporate and wholesale customers fits very nicely with the existing business. Vocus will now be able to service the national requirements of Newcastle based businesses as well as expand the services Ipera already successfully provides locally in Newcastle.”

Newcastle is one of the fastest growing economic regions in Australia and the 7th largest population centre. It has a large base of both regional and national businesses.

Ipera was an early leader in fibre based services and has been in operation since 2000. Over that time it has built one of the most extensive Dark Fibre networks in the Newcastle area and more recently added Data Centres as a complementary product to that fibre network. The company services the Newcastle requirements of a number of other telecommunications carriers as well as boasting some of Newcastle’s largest corporates such as NIB Health Funds, Hunter Water Corporation, Port Waratah Coal and Macquarie Generation.

The purchase price of the business is $9.8 million with 50% of the purchase price subject to a 12 month earn out.  Initial consideration of $4.9 million will be funded 75% from existing cash, with the remaining 25% paid in Vocus shares.

Once the transaction completes and after transaction costs, there is expected to be minimal contribution to FY13 earnings however the business is expected to contribute EBITDA of between $2.3m and $2.5m in its first full financial year (FY14).

Chris Deere founder and MD of Ipera will take on an initial role managing the Newcastle business for the combined entity and later accept broader responsibilities within the group.

Chris Deere, MD of Ipera said “Having been a customer of Vocus since the beginning, I know the vision and culture of our companies are in perfect alignment and this transaction will now allow us to compete for the national business of our Newcastle clients as well as to continue to capture local market share in Newcastle. This acquisition has significant benefits to customers of both organisations.”

Vocus renegotiates Southern Cross IRU Capacity Agreements

Sep 20, 2012   //   by Vocus   //   ASX Announcements, Board of Directors, Vocus Investor, Vocus News  // 

Vocus renegotiates Southern Cross IRU Capacity Agreements

Vocus Communications Ltd. (ASX:VOC) today announced it has renegotiated its historical IRU supply agreements and purchased additional capacity on the Southern Cross Cable quadrupling capacity between Australia and New Zealand to the USA.

The renegotiation brings all historical purchases under a single new agreement at current rates.

The additional investment provides the company with its largest ever increase in capacity, ensuring Vocus has the ability to cater for growing bandwidth demands.

Key aspects of the deal:

  • Single new agreement for historical and new capacity
  • Results in historical capacity at overall lower rate
  • Capacity 400%-450% of previous agreements (depending on path configuration)
  • Increased asset and corresponding liability added to balance sheet
  • Secured equivalent vendor finance terms
  • Monthly repayments only increase by ~24%
  • Asset life in excess of 13 years and will be repaid over 6 years.
James Spenceley, Vocus CEO, stated “The renegotiation of the existing capacity and the huge increase in new capacity sets Vocus up for future capacity demands of our customers and potential customers.”

For more information:
James Spenceley
Chief Executive Officer
T: 02 8999 8999
Info@vocus.com.au

About Vocus
(ASX:VOC) Vocus Communications is an ASX listed leading telecommunications provider of Data Centre, Dark Fibre and International Internet connectivity across Australia, NZ, Singapore 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.

Vocus Announces FY12 Results

Aug 28, 2012   //   by Vocus   //   ASX Announcements, Board of Directors, Vocus Investor, Vocus News  // 

Vocus continues to deliver with 69.8% FY12 underlying EBITDA growth

Vocus Communications Ltd. (ASX:VOC) today announced a 69.8% increase in underlying Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to $16.67 million (FY:11 $9.82 million) and a underlying Net Profit After Tax (NPAT) increase of 52.1% to $8.44 million (FY:11 $5.55 million) in its FY2012 full year results.

James Spenceley, Vocus CEO, stated that this was another excellent result, with Vocus now benefiting from the growing momentum in the Cloud revolution and the successful strategy of providing its customers with data centre and optical fibre infrastructure combined with the core IP product.

Financial highlights include:

  • Revenue up 46.2% to $45.29 million (FY11: $30.98 million)
  • Underlying EBITDA up 69.8% to $16.67 million (FY11: $9.82 million)
  • Underlying NPAT up 52.1% to $8.44 million (FY11: $5.55 million)
  • Completed a $21.7m capital raising in August 2012

Operational highlights for the year include:

  • Won prestigious ACOMMS customer service award in July 2012
  • Laid Dark Fibre across the Sydney Harbour, for the lowest latency fibre path between the Sydney CBD and the ASX Gore Hill trading centre
  • Increased fibre network coverage by 298% year on year
  • Acquisition of Maxnet, a premium data centre and cloud provider in New Zealand
  • Launched Asian expansion with Singapore Point of Presence (POP)
  • Winning Carrier business within Asia
  • Successful entry into the Corporate/Direct market with sales now accounting for 18% of sales

Mr Spenceley said the strong results are driven by Vocus’ continued focus on customer service and its reputation as a technology leader in its field. In addition, the diversification into strategically complementary assets and continued exploration of new products and markets, has positioned Vocus for continued strong growth.

“We continue to be a leading challenger in the Australian and New Zealand telecommunications market, and with our strong position in the Internet, Dark Fibre and Data Centre markets, Vocus is ideally placed to capitalise on the growing Cloud Computing market and become the communications infrastructure provider of choice,” he added.

For more information: James Spenceley
Chief Executive Officer
T: 02 8999 8999
Info@vocus.com.au

About Vocus
(ASX:VOC) Vocus Communications is an ASX listed leading telecommunications provider of Data Centre, Dark Fibre and International Internet connectivity across Australia, NZ, Singapore 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.

Download the Preliminary Final Report

Download the full Vocus FY12 Presentation 

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