Vocus won’t proceed with the sale unless they get a premium...

Vocus won’t proceed with the sale unless they get a premium price. Management is focused on the longer term game of getting the post merger synergies in place and no doubt have access to funds if need be to cover requirements moving forward. The investor day preso’s talked about the various transformation projects, these need more focus now, and the interim CEO knows it.

The splitting of E&W comes across as empire building rather than transformation, some aspects make sense but I suspect it will be undone in the majority as it’s likely not a revenue positive move. Investment in automation, marketing and utilisation of assets is the change that is needed. Vocus is a carrier with infrastructure, not a reseller of other carriers product which is where M2 sat, profit is in differentiation to the market, not renting the market.