Vocus Group signs partnership Optus

Company News

by Rachael Jones

Vocus Group (ASX:VOC) has today signed an agreement with Optus Wholesale which includes access to the Optus 5G network and future technologies.

The agreement builds upon the long-term partnership between Optus and Vocus brands Dodo, iPrimus and Commander.

The partnership provides a platform for Vocus to grow its mobile customer base across its various brands and a clear path for Vocus to access future 5G mobile services, to support the Vocus strategy to increase market share in Enterprise and Small to Medium Business segments.

The renegotiated agreement is estimated to deliver in excess of $200 million to Optus over the length of the five year agreement.

Shares in Vocus Group (ASX:VOC) are trading 2.29 per cent lower at $2.99.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.