Vocus acquisition of M2 gets ACCC go-ahead
The Australian Competition and Consumer Commission will not oppose Vocus Communications’ (ASX: VOC) planned acquisition of M2 Group (ASX: MTU), the competition watchdog revealed today.
The Australian Competition and Consumer Commission will not oppose Vocus Communications’ (ASX: VOC) planned acquisition of M2 Group (ASX: MTU), the competition watchdog revealed today.
M2 Group (ASX: MTU) has reported a revenue of $546.2 million for the six months lead up to the end of December, up 8 per cent on the same period in 2014.
M2 Group can lower prices of its Commander small business plans without reducing margins when customers transition to the National Broadband Network (NBN), according to M2 Group CEO Geoff Horth.
M2 Group has added more than 50,000 new customers for its telecom services despite a decline in its mobile business.
The acquisition of Dodo led to strong revenue growth for M2 Group in the first half of the financial year, according to the telco’s financial results released today.