Vocus buying Maxnet

Forums › New Zealand Broadband › Vocus buying Maxnet

freitasm

BDFL - Memuneh
80646 posts

Uber Geek
+1 received by user: 41024

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#102779 22-May-2012 14:05

Just saw on NBR that Australian company (Vocus) buys MAXNET...

Referral links: Quic Broadband (free setup code: R587125ERQ6VE) | Samsung | AliExpress | Wise | Sharesies

Support Geekzone by subscribing (browse ads-free), or making a one-off or recurring donation through PressPatron.

1 | 2 | 3

some call me @jevvv
660 posts

Ultimate Geek
+1 received by user: 96

Retired Mod

ID Verified

Trusted

Lifetime subscriber

#628982 22-May-2012 14:17

And I just saw this: http://www.maxnet.co.nz/news/17/143/VOCUS-Acquires-New-Zealand-Data-Centre-and-Cloud-Provider.html

Can't say I'm happy, especially since it says "The acquisition will be funded with bank debt and further consolidates Vocus' position..."
That sort of comment usually indicates that things will start falling apart in about 18 months time.

And here I was feeling all happy that I'm still with Maxnet :( Also disappointed to find out this way

<- don't ask me where I am - I haven't a clue: its a tech thing ;)
Housewife computerer: not particularly great at either.
And don't take me too seriously.

Kyanar

4089 posts

Uber Geek
+1 received by user: 1684

ID Verified

Trusted

#629002 22-May-2012 14:53

I wonder if this has any relation to the sudden disappearance of the Fyx global mode feature? If I were looking at buying a company, I would be looking askance at gigantic potential legal liabilities in their service offerings...

(I see NBR came to the same conclusion... I actually hadn't read their article prior to coming to that conclusion. Hmm).

networkn

Networkn
32862 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#629004 22-May-2012 14:59

Unbelievable to me that Maxnet just started a new ISP and now they are bought by someone else. I wonder how much that had to do with the closing of global mode. I imagine Vocus had a bit to say about their potential liability. I imagine it must have happened quite quickly.

AndrewSchick

28 posts

Geek

#629009 22-May-2012 15:15

Hi guys. An email has just gone out to all Maxnet customers now. We do apologise for the order of events, but as Vocus is a publicly listed company in Australia there has been a specific order of events that have had to be followed. Vocus are renowned for fantastic service and they have a spectacular network around the world and we expect that there will only be an increased level of serviced provided to our customers because of this deal.

insane

3324 posts

Uber Geek
+1 received by user: 1006

ID Verified

Trusted

2degrees

Subscriber

#629011 22-May-2012 15:16

As a customer I just got a formal email about the announcement, seems to follow similar lines as the press releases thus far.

Maxnet also started using Vocus bandwidth a few months back..

Doesn't really come as a surprise, they were up for sale around the end of last year already as another NZ household name was boasting how they were going to buy them, guess they were wrong

networkn

Networkn
32862 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#629013 22-May-2012 15:18

Andrew: Actually I'd have to say that globally Vocus transit links tend to be worse and have more issues than others in my experience. I am not a Maxnet customer, but I have to be honest and say I can't see a publically listed company buying a small market player like Maxnet will be good for the customers in the long term.

Obviously just my opinion.

HP

Shop now for HP laptops and other devices (affiliate link).

Zeon

3926 posts

Uber Geek
+1 received by user: 759

Trusted

#629028 22-May-2012 15:37

I don't quite understand what Vocus achieves strategically from this?

Speedtest 2019-10-14

networkn

Networkn
32862 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#629030 22-May-2012 15:40

More cash :)

Kyanar

4089 posts

Uber Geek
+1 received by user: 1684

ID Verified

Trusted

#629034 22-May-2012 15:44

Entry into the retail market for an SXC wholesaler?

AndrewSchick

28 posts

Geek

#629037 22-May-2012 15:48

James (Vocus CEO) said today that Vocus loves Data Centres and internet connections. They were looking at building a Data Centre here in New Zealand anyway due to high demand for one in the Australian market. The opportunity came up to acquire Maxnet and the deal made sense.

Jeeves

301 posts

Ultimate Geek
+1 received by user: 90

#629039 22-May-2012 15:58

But considering how full the Maxnet DC supposedly is (Only space for about 10-15 more racks last I heard), at least in the Albany one - is that really the reason? Or are they perhaps buying the brains and the plans for the expansion 'across the driveway'?

HP

Shop now for HP laptops and other devices (affiliate link).

AndrewSchick

28 posts

Geek

#629045 22-May-2012 16:19

There is plenty of room at the Maxnet Data Centre for the current growth patterns, the expansion plans are known and will be executed in due course and will add a significant amount of new rack space to the AKL facility.

vexxxboy

4336 posts

Uber Geek
+1 received by user: 2072

#629050 22-May-2012 16:31

9.5 million doesnt seem alot of money , thought it would be worth more

Common sense is not as common as you think.

networkn

Networkn
32862 posts

Uber Geek
+1 received by user: 15453

ID Verified

Trusted

Lifetime subscriber

#629054 22-May-2012 16:41

LOL If you were Maxnet, surely you'd hold out for the extra $500K :)

If you are happy to pay 9.5M, surely, an extra 500K isn't going to break it

jevvv

some call me @jevvv
660 posts

Ultimate Geek
+1 received by user: 96

Retired Mod

ID Verified

Trusted

Lifetime subscriber

#629093 22-May-2012 18:59

Thanks for the update Andrew.

Yes I finally got the email about an hour after I heard about it on Facebook - kinda backward to me :(

Sorry about sounding a bit disgruntled - I do love Maxnet, so get a bit defensive about "my" brand when it seems that mucking about is being done ;)

Anyway - sell us on Vocus - I'm looking to hear what advantages me and my piddly little household broadband account will gain from them :)

... I remember when Quintin came around from the "office" in Snells Beach and set up my Maxnet account :D

<- don't ask me where I am - I haven't a clue: its a tech thing ;)
Housewife computerer: not particularly great at either.
And don't take me too seriously.

1 | 2 | 3