Vocus Group's institutional shareholders are pinning their hopes on exiled founder James Spenceley to turbocharge the auction for the embattled telco by bringing together a higher bid for the company.

With Asia-focused buyout firm Affinity Equity Partners this week matching fabled deal maker Kohlberg Kravis Roberts & Co's $3.50 per share bid for Vocus, and getting access to its books, market focus has shifted to whether another bid will materialise.