Vocus Communications Limited (ASX:VOC) is in exclusive talks with Amcom Telecommunications Limited (ASX:AMM) about a possible takeover.
The fibre optic and data centre provider has entered into exclusive due diligence with Amcom after the company took a 10 per cent interest in later October.
While Vocus owns a range of telecommunications infrastructure, Amcom provides a range of data and software services including cloud solutions and network access.
CEO James Spenceley says constructive discussions are ongoing and the company remains committed to progressing the transaction for the benefit of all stakeholders.
Vocus reported a net profit of $12.9 million in the 2014 financial year.
