MTU m2 group ltd
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  1. FNN News
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    18/03/13
    11:27
    Post #: 11551875
    .


    M2 Telecommunications Group Limited (ASX:MTU), which provides online and mobile phone services,  has announced plans to buy a pair of small telecommunication providers for $248 million.



    M2 will pay $204 million for Dodo Australia and a further $44 million for listed carrier Eftel.



    Both transactions will be funded by debt and M2 scrip, with a total of 19.2 million shares to be issued.



    The move follows M2’s acquisition of Primus Telecom holdings in May, for $192.4 million. 


     


    M2 Telecommunications last reported a 24.4 million net profit to December 31. 

    MTU Price at posting: $4.79 Sentiment: None Disclosure: Held
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