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AGL launches $3b bid for telco company Vocus

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AGL has signalled an aggressive move to broaden its business away from legacy coal-burning infrastructure to data infrastructure with its bid for the telecommunications business Vocus.

The big energy generator and retailer AGL has returned to its pursuit of Vocus, with a $3 billion offer for the telecommunications outfit.AGL returns to its pursuit of Vocus after EQT Infrastucture backs out of its $4.3b offerVocus shares rise, but are still well below the $4.85 offer, while AGL shares sink on the news

Vocus owns more than 30,000 kilometres of broadband fibre and has around a 7 per cent share of the NBN market supplying corporate, wholesale and mass market customers. AGL said the strategic aim of the takeover was to own a broadband fibre asset base and develop a multi-product offering across energy and data.

 

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Your vehicles produce 10 + times the exhaust as they need to to produce the torque.

AGL is gunna woke itself out-of existence, which can only be good thing.

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