[AusNOG] Commsday Breaking News - M2 to buy Dodo and Eftel
lloyd.wood at yahoo.co.uk
Mon Mar 18 14:52:43 EST 2013
So Dodo is now as dead as a dodo as a company, and eaten by M2, but its brand lives on...
From: Skeeve Stevens <skeeve+ausnog at eintellegonetworks.com>
To: "<ausnog at lists.ausnog.net>" <ausnog at lists.ausnog.net>
Sent: Monday, 18 March 2013, 14:04
Subject: [AusNOG] Commsday Breaking News - M2 to buy Dodo and Eftel
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.comPhone: 1300 239 038; Cell +61 (0)414 753 383 ; skype://skeeve
facebook.com/eintellegonetworks ; linkedin.com/in/skeeve
twitter.com/networkceoau ; blog: www.network-ceo.net
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