Boardroom Spill at Vocus Puts Risk Profile Back in Focus; Fair Value Estimate Cut to AUD 7.40
We can accept Vocus Communications CFO's recent resignation (ostensibly for personal reasons). We can tolerate the impact of the National broadband Network, or NBN, on the group (a potential EBITDA hit of less than 10%). We can even accept the reduced segmental disclosure (an inevitable consequence of integrating so many acquisitions).What we cannot stomach is the abrupt departure of executive director James Spenceley (from Vocus) and non-executive director Tony Grist (from Amcom) from the boa...
Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.
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