AYS amaysim australia limited

News: AYS Amaysim Australia To Acquire About 77,000 Mobile Subscribers From OVO Mobile

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    June 3 (Reuters) - Amaysim Australia Ltd (AYS) :

    • WILL ACQUIRE ABOUT 77,000 MOBILE SUBSCRIBERS FROM MOBILE VIRTUAL NETWORK OPERATOR OVO MOBILE
    • ACQUISITION EXPECTED TO BE EARNINGS ACCRETIVE IN FY2021
    • DEAL FOR MAXIMUM CONSIDERATION OF $15.8 MILLION
    • EXPECTS TO CLOSE FY2020 WITHIN UNDERLYING EBITDA GUIDANCE RANGE OF $33 MILLION - $39 MILLION
    • SEES FURTHER UPLIFT IN EARNINGS GROWTH TO BE REALISED IN FY2022 & BEYOND DUE TO ACQUISITION
    • TO INCREASE DEBT FACILITIES BY $6 MILLION TO SUPPORT ACQUISITION
 
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