I think it is a few factors... general negativity on the market....

I think it is a few factors... general negativity on the market. Sector in general getting pressured, possibly driven by high PE's getting wound down. A bit of fallout from TPM's "disappointing" results.

One more I think is that people are thinking NBN is a real threat. From personal experience and talking to industry contacts, NBN couldn't organise a piss up in a brewery, and is less of a threat than everyone thinks. Of course, the Feds could go and legislate that out, but given the destruction of the NBN concept thanks to political BS, I don't see that as a big threat.

If I'm understanding Vocus correctly (and please correct me if I'm wrong) - Vocus can leverage off both NBN or their self built network to service their new & existing customers. That's a win win. Plus Vocus looking to build international links (ASC) - I think Mr Market is underestimating Vocus' future.

IOT is going to drive data consumption and inter-connectivity - the big 4 networks (plus up and comer Superloop) are in prime position. I'm looking to add to my position soon.