Vocus Group Pulls NZ sale

Company News

by Anna Napoli

Telecommunications company Vocus Group (ASX:VOC) has decided not to sell its New Zealand business (Vocus NZ)

The company says it has stopped all discussions with interested parties.

The board received a number of offers for the business but was not happy with their value or funding.

Meantime, Vocus has also announced an extension on its debt refinancing surge limit.

Shares in Vocus (ASX:VOC) closed down 0.44 lower to $2.24 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.