M2 - News, Features, and Slideshows

News

• Will site blocking stop internet pirates in Australia?

  The Federal Court has ordered ISPs to block several copyright infringing torrent sites, but will it keep the pirates at bay?

• Vocus CEO shake-up leads to top-tier topple

  A failed plan to shake-up the leadership landscape at Vocus Communications has led to the departure of two directors.

• ACCC probing TPG/iiNet deal over lack of competition

  The Australian Competition and Consumer Commission is investigating if TPG Telecom’s proposed acquisition of iiNet would substantially lessen competition in the market for the supply of retail fixed broadband services.
  

• iiNet board opts for certainty with TPG

  The certainty of the revised TPG offer for Internet service provider iiNet was a key factor in the ISP’s board recommending it over a competing offer from M2, according to iiNet chairperson Michael Smith.

• M2 added to ASX 300

  Telecom services provider M2 Telecom (ASX:MTU) has joined the S&P/ASX 300 list, after reporting a $27.6m profit in FY11

• M2 acquires Austar mobile customer base

  Listed telecommunications provider M2 (ASX:MTU) has continued its acquisition spree announcing it is to purchase the mobile contracts and records of 15,000 Austar customers in a $2 million deal.

• M2's NZ unit buys Black + White

  An M2 Telecom (ASX:MTU) subsidiary has acquired NZ telco Black + White Group in an all-stock deal with its owner and founder

• M2 signs customer finance deal with FlexiGroup

  Telecom services provider M2 Telecom (ASX:MTU) has signed on FlexiGroup (ASX:FXL) to provide financing services for the company's SMB customers

• M2 (ASX:MTU) grows FY10 profit 119%

  Telecom services provider M2 (ASX:MTU) has increased its FY10 profit 119% to $16.2m due to increasing revenue

• M2 (ASX:MTU) closes $4m Bell Voice and Data purchase

  Telecommunications company M2 (ASX:MTU) has completed the $4m acquisition of Bell Networks' SMB businesses

• M2 (ASX:MTU) expects $15m profit for FY10

  M2 Telecom (ASX:MTU) has forecast earnings for the next two years, revealing expectations of profit of around $15m in FY10, and $23 million in FY11.

• M2 acquires Bell Networks' SMB assets for $4m

  The acquired assets are expected to deliver an annual ebitda of over $2m

• M2 completes $20m share placement

  Proceeds will be used to reduce debt and fund possible acquisitions

• M2 closes $5m Clever Communications buy

  But $1.25m of the purchase price for Clever's telecom customer contracts has been deferred until January

• M2 forecasts 100% FY10 profit hike

  The company is expecting profit of $15m on revenue of $390m