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How Vocus could be the proving ground for an NBN bid
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The reformed telecoms company is the ideal proving ground for Macquarie Infrastructure and Real Assets Management to display its credentials, before the privatisation of the national broadband network.
A marriage of Axicom’s network of towers and Vocus’ 20,000 kilometres of fibre would provide suitable scale for MIRA to succeed in both mobile and fixed line markets.
Glenn Hunt
While this is still some years away, MIRA has spent recent times beefing up its global telco portfolio to include tower infrastructure and data centres. Vocus – with its vast optic-fibre network – is likely the $3.4 billion capstone.
TowerCo, dividend top of mind ahead of Telstra results
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Credit Suisse analyst Entcho Raykovski valued TowerCo between $4.2 billion and $5.2 billion.Â
Quentin Jones
Chief executive Andy Penn called this year the âinflection pointâ for the cost-cutting strategy, and has moved swiftly to restart job cuts after a pandemic-induced hiatus. More than 1400 staff were shown the door last week, taking the job reductions under the plan so far to 90 per cent of the projected 8000.
The company has split off its infrastructure assets into various sub-entities; simplified its consumer and small business offerings; and is part-way along a 5G rollout central to a greater focus on the mobile market too.