Vocus Communications Limited
(ASX:VOC) says it has acquired a 10 per cent stake in Amcom revealing plans to merge the two businesses.
Vocus has approached the Amcom board of directors with an all scrip offer for Amcom shareholders.
Vocus CEO James Spenceley says the two businesses are, “highly complementary and the potential combination offers and enhanced growth platform, while creating a truly national player to capitalise on the evolving opportunities in the telecommunications sector.”
Vocus has a strong track of acquisitions including E3 Networks, Bentley Data Centre and New Zealand’s FX Networks. Amcom is believed to be an attractive target for a number of players in the telecommunications industry.
Vocus Communications reported a net profit of $12.9 million for the 2014 financial year.
