Tech companies drove another good day for the market on Monday.
Internet provider Dodo will repay 16,000 customers who signed up to the NBN after the competition watchdog bit back over claims its plans were perfect for video streaming.
Vocus Group has outlined plans to return to growth after a turbulent few months.
Vocus chief executive Kevin Russell has defended the company's financial performance and promised that his turnaround strategy is on track after doubts were raised.
Vocus CEO Kevin Russell is under pressure to deliver some good news on the company's turnaround plan after the telco was spurned by its fourth suitor in two years.
Vocus shares plunged by a record 32 per cent Monday morning after its latest suitor,AGL,walked away from its $3 billion takeover bid just a week after it became public.
AGL Energy's $3 billion takeover bid for telecommunications company Vocus has not been welcomed by all shareholders in the energy business as it scrutinises the books to determine whether to go ahead with a deal.
Telecommunications company Vocus has opened its books for the fourth time in two years after AGL Energy lobbed a $3 billion takeover bid for the business.
Vocus chief executive Kevin Russell says he's not disappointed that another bidder has turned away after a closer look at the books.
Swedish private equity firm EQT has ditched plans to buy Vocus after the Australian telecommunications company opened up its books for the potential $3.3 billion deal.
Sensitive undersea cables between Australia,Papua New Guinea and the Solomon Islands have emerged as a possible wildcard in a $3.3 billion takeover of Vocus.