Press release
25 October 2010
Vocus acquires Data Centres in Sydney and Melbourne
Vocus Communications Ltd. (ASX:VOC) announced today that it has entered into a binding
agreement to acquire the Sydney and Melbourne data centre businesses from E3 Networks.
The transaction is for a total consideration of $5.9 million, to be paid as $4.9 million in cash
and $1 million in Vocus shares.
The cash component will be funded from Vocus’ existing cash resources.
The transaction will add at least $1.5 million of underlying annualised profit before tax to
Vocus’ bottom line.
Renowned for its ongoing focus on customer service and commitment to technical
excellence, the acquisition further enhances the Vocus service offering for its 120 ISP and
telecommunications industry customers.
The first acquisition by the recently listed Vocus will allow the Telco to provide its customer
base with independent datacentre space in Sydney and Melbourne where space has
becoming increasingly scarce.
In addition to acquiring the infrastructure and existing cashflows, the Sydney and Melbourne
E3 teams will join Vocus with E3 Founder and CEO, Jon Eaves becoming the General
Manager of the Vocus Data Centre Division. Mr Eaves will assume responsibility for the
management and expansion of the data centre business unit.
James Spenceley, Vocus CEO, believes it will also provide Vocus with a platform to further
expand into data centres.
“E3 and Jon Eaves have a great reputation for building and operating datacentres and the
combination will attract new customers for both data centre space and our core wholesale
telecommunications products,” he said.
Mr. Eaves agreed. “The merged organisation will consolidate Vocus’ position as a leading
independent wholesale telco. We can build on the technical strengths of both Vocus and E3
to leverage increasing customer demand in both the Data Centre and telco markets,” he
added.
The deal covers two existing datacentres, with an additional 400 square meters to come
online in the next 45 days in Sydney. These modern facilities have been constructed in the
last two years, with the Sydney data centre allowing some of the industry’s highest power
density ratings of up to 30KW per rack.
About Vocus
Recently listed on the ASX (ASX:VOC) Vocus Communications is a leading
telecommunications provider of wholesale Voice, Peering and International Internet
connectivity to Telecommunications companies and ISPs across Australia, NZ and the US.
The company provides high performance, high availability, and highly scalable
communications solutions, which allow service provider to quickly and easily deploy new
services for their own customer base.
About E3 Networks
E3 Networks is a large Australian based independent operator of state-of-the-art datacentres
in Sydney, Melbourne and Brisbane. E3 provides datacentre suites, cabinets/racks to well
known operators such as Pipe Networks (now TPG), Intervolve and Netregistry. High-density
power requirements are met utilising state-of-the-art products like Hot Aisle Containment
Systems with power densities of up to 30KW per rack.
Media Enquiries:
Karen Tearney; karen@republic-pr.com; 0410 743 151
Corinne Cowlishaw; Corinne@vocus.com.au; 02 8999 8999
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