Update The Vocus Corporate and Wholesale business continues to...

Update

The Vocus Corporate and Wholesale business continues to perform strongly, exceeding new sales targets in Q1 FY17 and will be further strengthened with the ability to target new customer segments and markets following the integration of the Nextgen assets.

As the roll out of the NBN gathers pace, Vocus’ Australian Consumer business will also benefit from the fibre network that the Nextgen acquisition delivers, providing connectivity to the vast majority of NBN Points of Interconnect. The Company’s NBN subscriber base has continued to grow strongly since fiscal year end with a 21.7% increase in active consumer subscribers since 30 June. The average gross margin per subscriber in dollar terms has remained constant, with NBN margins in line with bundled copper broadband margins.

A comprehensive business performance update will be provided at or prior to the 2016 AGM following the completion of the Nextgen acquisition.