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

[Damian Guppy]

"Dodo, Dodo, internet that wont die?" That would certainly be a refreshing
change :P

--Damian


On Mon, Mar 18, 2013 at 11:52 AM, Lloyd Wood <lloyd.wood at yahoo.co.uk> wrote:

> So Dodo is now as dead as a dodo as a company, and eaten by M2, but its
> brand lives on...
>
> Zombie Dodo?
>
>
>   ------------------------------
> *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!)
>
> *BREAKING NEWS
> **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
>
> *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>
> linkedin.com/in/skeeve
> twitter.com/networkceoau ; blog: www.network-ceo.net
>
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