Seventeen months after Perth investor Anthony Grist left the board of Vocus Communications after failing to secure backing for a leadership shake-up, the three former M2 Group directors who retained control at that time have all resigned from the...
SYDNEY: After Australian internet company Vocus Telecommunications Ltd gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action.
The case, proposed...
Vocus Communications has reported a net loss of $1.46 billion after making heavy write-downs on goodwill for some of its recent acquisitions and abandoned paying a dividend to redirect funds to projects and debt reduction.
Investors have dumped shares in Vocus after Australia's fourth-biggest telco ended a $2.2 billion bidding war for the company, saying the two suitors were unable to support the buy on the board's terms.
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