Established in 1999 and listed on the ASX in 2004, M2 Telecommunications Group Limited is Australia's largest independent provider of fixed-line, mobile and data telecommunications services. The company also provides fixed-line and mobile services in New Zealand.
M2 has shown consistent growth since the mid-2000s both through organic growth and strategic acquisitions. In 2009 it acquired People Telecom and the business assets of Commander Communications, both at bargain prices. In 2010 the company completed the acquisition of selected business assets of Clever Communications and Bell Networks, while in 2011 it purchased Clear Telecoms and later the subscribers and assets of AUSTAR Mobile from the pay TV satellite provider.
In 2012 the assets of Primus Telecommunications were acquired adding further to its subscriber base. Further acquisitions in 2013 brought in Dodo and Eftel under the M2 umbrella. M2 has since declared that it may invest further in the energy sector, taking advantage of deregulated markets and the low customer acquisition cost advantages held by Dodo Energy. The 2015 bid for iiNet is indicative of M2's confidence in its ability to keep generating solid revenue growth, so enabling it to invest in companies with complementary geographical reach.
In 2015 M2 acquired New Zealand telco CallPlus for $250 million and signed a 15-year deal with Telstra Wholesale for NBN backhaul that will allow it to reach all 121 NBN points of interconnect.
In September 2015 M2 accepted a merger offer from Vocus to merge. It will create Australias fourth-largest telecommunications company and the third-largest in New Zealand. This report includes analysis of this merger as well as an overview of M2, including financial data for FY2015.
M2 makes an unsuccessful bid for iiNet; strong revenue growth continuing into H12015, resulting from integration of strategic acquisitions; M2 sets aside $100 million for additional acquisitions; dodo launches competitive LTE plan to arrest fall in 3G subscriber base; acquisition of CallPlus; customer and network building; 15-year deal with Telstra Wholesale for NBN; report includes company operational and financial performance into FY2015.
AUSTAR United Communications, Time Telecom, Clear Telecoms, Bell Networks Voice & Data Pty Ltd, Clever Communications, Eftel, People Telecom, Edirect, B&W, Commander Communications, Unitel Australia, Orion Telecom, Tenex Communications, Wholesale Communications, Primus, Flextalk, PTGi, Telstra, Optus, CallPlus.