Vocus (ASX:VOC) share price lower on Vocus NZ IPO plans // Motley Fool Australia

The Vocus Group Ltd (ASX: VOC) share price has dropped lower on Thursday following the release of a major announcement.

At the time of writing, the telco provider’s shares are down slightly to $4.22.

What did Vocus announce?

When Vocus released its full year results in August, management mentioned that it would soon consider its capital allocation and longer-term corporate structure.

It commented: “The accelerating momentum of the core VNS business, together with the strong performance of New Zealand and well-progressed turnaround of Retail Consumer, means we are now in a strong position to strategically consider our options regarding capital allocation and longer-term corporate structure.”

This morning Vocus revealed that it…