News Formal

AGL launches $3b bid for telco company Vocus

  • 📰 abcnews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 83%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shipping company under pressure to salvage containers lost at seaAuthorities and commercial fishers are fed up with a Taiwanese shipping company's slow response to salvaging containers it lost at sea near Newcastle one year ago. Yes, clean up your rubbish seems a fair call.
Source: abcnews - 🏆 5. / 83 Read more »