[AusNOG] Commsday Breaking News - M2 to buy Dodo and Eftel

Skeeve Stevens skeeve+ausnog at eintellegonetworks.com
Mon Mar 18 14:04:10 EST 2013

Hey all, hot off the desk of the awesome people at Commsday (which is why
you should subscribe!)

**M2 to buy Dodo, Eftel for A$248 million*

M2 Telecommunications has announced to the Australian Stock Exchange that
it will acquire Dodo Australia for $203.9 million on a debt-free and
cash-free basis. At the same time it has also made an off-market takeover
offer for wholesale carrier Eftel at an offer price of $0.3581 per share;
the offer would value Eftel at just over $44 million, inclusive of $5.6m
net debt.

M2 management said it expects the acquisitions to contribute in excess of
$400m revenue and $50m EBITDA in FY14. Among the reasons cited for the
acquisitions were that they would deliver M2 a nationally recognised low
cost brand via Dodo that is well positioned to grow market share, as well
as established capability in power and gas.


*Skeeve Stevens - *eintellego Networks Pty Ltd
skeeve at eintellegonetworks.com ; www.eintellegonetworks.com

Phone: 1300 239 038; Cell +61 (0)414 753 383 ; skype://skeeve

facebook.com/eintellegonetworks ;  <http://twitter.com/networkceoau>

twitter.com/networkceoau ; blog: www.network-ceo.net

The Experts Who The Experts Call
Juniper - Cisco - Cloud
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.ausnog.net/pipermail/ausnog/attachments/20130318/0e4c6439/attachment.html>

More information about the AusNOG mailing list