Vocus Group has sold its 16 per cent stake in corporate telco Macquarie Telecom for $41 million.
Macquarie Telecom, which provides telecommunication and hosting services to corporate and government customers, says its second largest shareholder had offloaded its 3.4 million shares at $12.20 each to a broad range of new institutional and retail shareholders.
The shares were values at $13.00 at Monday's close, having risen 13 per cent on the ASX in the past three weeks.
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