M2 Telecommunications acquires ISP Dodo for A$203.9m and junior telco Eftel for A$44.1m, 5*FY14 EBITDA

18th March 2013: M2 Telecommunications Group Ltd (ASX:MTU, “M2”) has announced that it has entered into a binding Share Sale Agreement to acquire 100% of privately owned ISP Dodo Australia Holdings Pty Ltd and its related bodies corporate (“Dodo”).  Dodo is a low cost residential Internet Service Provider which also markets utility services. The transaction consists […]

Eftel Acquires Visage Telecom for $450k, 2* Post Synergy EBITDA

7th Aug 2012. Eftel Limited (ASX:EFT) has signed an agreement to acquire all of the issued shares of Visage Telecom Pty Ltd, an Australian voice product service provider to small and medium businesses (SME’s). The acquisition represents total consideration on a post synergy annual EBITDA multiple of less than two times. This acquisition continues Eftel’s […]

Canada’s Enghouse Acquires Kiwi Unified Comms Firm Zeacom for US$30.6m, 1*TTR

31 May 2012. Enghouse Systems Limited (TSX:ESL) announced today that it has acquired Zeacom Group Limited for a purchase price of US$30.6m, subject to price adjustments. Zeacom’s annual revenues for fiscal 2012 were approximately US$29 million, indicating a price of approvimately 1 times 12 months trailing revenue (TTR). The acquisition provides a liquidity event for […]

M2 Telecommunications Acquires Primus Australia for A$192m 4.8*CY11 EBITDA

16th April 2012. – Primus Telecommunications Group (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced today that it has entered into a definitive agreement to sell its Australian operations to ASX listed M2 Telecommunications Group (ASX: MTU) for approximately $A192.4m, or approximately $US 200m, on a debt-free basis and […]

M2 Telecommunications Acquires Time Group for A$18.35m, under 3*EBITDA

28th Feb 2012. Southern Cross Telco Pty Ltd, a wholly owned subsidiary of M2 Telecommunications Group Ltd (ASX:MTU), has executed an agreement with Melbourne-based Time Telecom Pty Ltd and related entities under which M2 has acquired the business assets of Time Group, including its 30,000 customer base. The transaction involves a maximum cash consideration of […]

Singtel/Optus Acquires Vividwireless and Unwired From Seven Group Holdings for A$230m to Access 4G Spectrum

21st Feb 2012. Singapore Telecommunications Limited (ASX:SGT) announced that its Australian wholly owned subsidiary, Optus Mobile Pty Limited, has entered into a conditional agreement to acquire the shares of Vividwireless Group Limited from Network Investment Holdings, a wholly owned by Seven Group Holdings Limited (asx:svw), for an expected cash consideration of A$230 million. Optus will […]

iiNet Acquires Rival ISP Internode in a A$105m Deal, 4.2 times FY12 EBITDA

22nd Dec 2011. Leading Australian ISP iiNet Limited (ASX: IIN) has entered into binding documentation to acquire Internode Pty Ltd (Internode) and associated companies, Australia’s largest privately owned broadband services company, for $105 million. Based in South Australia, Internode has approximately 260,000 active Internet and phone services, including approximately 190,000 broadband subscribers. The acquisition, which […]

Electronics Firm Codan Acquires Mining Technology Specialist Minetec for A$10m, approx 5 times EBITDA

22nd Dec 2011. South Australia-based Codan Limited (ASX: “CDA”) has reached agreement to acquire all of the shares in Perth-based mining communications and technology company, Minetec Pty Ltd (Minetec), from the Company’s founder and partner for an up-front cost of $6 million. The acquisition is scheduled for completion on 3 January 2012, with $4 million […]

Telco Services Firm Tel.Pacific to Acquire GoTalk for A$9m Cash and Equity

19th Dec 2011. The Board of telecommunications firm Tel.Pacific Limited (ASX:TPC) today announced that the Company had offered to acquire all the outstanding shares in telecommunications retailer gotalk Limited, to effect a merger between the two companies. On completion, gotalk shareholders will receive consideration for their shares of $8m in Vendor Notes to be paid […]

Amcom Acquires L7 Solutions for A$15m

23rd Nov 2011. Perth-based Amcom Telecommunications (ASX:AMM) today announced the acquisition of private Perth-based IT services firm L7 Solutions Pty Ltd (L7) for $15m. L7 is an information technology company, specialising in the provision of IT integration solutions, managed services, advisory and related services. Established in 2004, L7 has a strong reputation having built its […]

iiNet Acquires ACTs Transact for A$60m, 3.53 times EBITDA

21st Nov 2011. Leading Australian ISP iiNet Limited (ASX:IIN) has announced that it has entered into a binding agreement to acquire TransACT Communications Pty Ltd, a leading Canberra‐based telecommunications company, for $60 million. The transaction consists of 100% cash and is debt‐funded. Completion is subject to a number of procedural conditions and is expected to be […]

1300 RECORD Receives A$1.5 million Funding From Innovation Capital

17th Nov 2011. Innovation Capital has announced it has invested a $1.5mn first funding tranche into 1300 RECORD Pty Ltd to fund the establishment of new distribution channels to market the growing Australian-owned cloud communications company. 1300 RECORD gives business the ability to record important phone calls – incoming and outgoing – from any phone, […]

UXC Completes A$61m Sale of Field Solutions Group To Utility Services Group

8th Sept 2011. IT services company UXC Limited (ASX:UXC) has completed the divestment of its Field Solutions Group to Utility Services Group Limited for $61 million on a debt free, agreed cash basis. Simultaneously, UXC has announced FY11 results for its ongoing IT Services business; with IT revenue growing by 11% to $522 million, and […]

e-Pay Asia To Go To Euronet after Tobikiri Capital Fails to Match A$12m Bid

6th Sept 2011. e-Pay Asia (ASX:EPY) has received a fourth (and likely final) buyout offer, from Euronet Worldwide for A$12 million, topping the most recent bid received from rival Tobikiri Capital. Tobikiri Pacital is a company controlled by Mr Simon Loh, Executive Chairman and Chief Executive Officer of e-Pay. In May 2010, e-Pay Asia called […]

MOKO.Mobi Acquires mbuzzy.com for 10% of its shares

27th July 2011. Perth-based mobile social media company MOKO.mobi (ASX:MKB) has reached an agreement with SendMe Inc. to acquire its U.S. mobile community mbuzzy.com. The acquisition is all stock with MOKO.mobi to issue Sendme Inc. with shares equivalent to 10% of the Company’s issued stock post the current rounds of placements to investors, plus 9 […]

TPG To Acquire SME cloud provider IntraPower for A$12.8 million

14 July 2011. Telecommunications firm TPG (ASX:TPM) has made a bid for listed cloud provider IntraPower (ASX:IPX), offering A$12.8 million for the company, to help TPG broaden its product range and help to gain new customers in the business and public sectors. TPG’s takeover offer provides two different prices – 30c per share cash, or […]

Infosys Acquires the Software Solutions practice of Telecom New Zealand’s Services Arm Gen-i for NZ$5m

6th June 2011. Infosys Technologies (Nasdaq: INFY), India’s second-largest information technology (IT) services company, has announced the acquisition of the Software Solutions practice of Gen-i, the services arm of Telecom New Zealand (NZE:TEL), for NZ$5m. Gen-i is the corporate information and communication technology (ICT) arm of Telecom New Zealand, the largest telecom services provider in […]

Legend Corporation Acquires MSS Fibre Systems for A$8.5m

2nd Jun 2011. Industrial and communications engineering firm Legend Corporation (ASX:LGD) has announced that it has reached agreement to acquire all of the issued shares of Melbourne based MSS Fibre Pty Ltd and Western Australia based MSS Power and Fibre Systems Pty Ltd (‘MSF’). Legend will acquire MSF for an initial payment of $5.75 million and […]

Tobikiri Capital to Privatise E-Pay Asia Telecoms Business for A$8.55m

13th Apr 2011. E-Pay Asia Limited (ASX:EPY) has announced that it has entered into Heads of Agreement with Tobikiri Capital Ltd (Purchaser) for the sale of its operating subsidiaries that hold the Companies telecom businesses, which include prepaid mobile recharge operations in Malaysia, Thailand and Pakistan. The consideration offered by the Purchaser is $8,550,000, to […]

Reverse takeover by ClubTelco injects $9.6m into Eftel

10th April 2011. Eftel Limited (EFT) announced an in principle agreement to purchase ClubTelco Pty Ltd, a national ISP with offices in Queensland, Victoria and the Philippines in a reverse takeover that will leave ClubTelco with around 75% of Eftel. The agreement will also see $2.1M of additional equity capital injected by the new shareholders. […]

M2 Acquires the Assets of Embattled Mobile Reseller Edirect for A$5m

8th April 2011. Diversified telecommunications services provider M2 Telecommunications Group Ltd (ASX:MTU) has announced that, via one of its subsidiaries, it has entered into an asset sale deed to acquire assets of Darwin-based mobile services reseller, Edirect Pty Ltd. The principal Edirect assets acquired by M2 are active contracts of more than 50,000 post-paid mobile […]

Anittel Group Acquires IT West

6th April 2011. Anittel Group Limited (ASX:AYG and formerly Hostech) has announced the asset purchase of IT West effective 1 April 2011 for an undisclosed sum. IT West is based in Dubbo and is a leading regional Managed IT Services business with customers in Dubbo, Mudgee, Orange and other regional cities. Peter Vane, MD of […]

Telstra Acquires Video Conferencing Firm iVision

4th April 2011. Telstra (ASX:TLS) today announced it had purchased video conferencing and unified communications company iVision, accelerating its growth in IP video services. The terms of the deal have not been disclosed. Video conferencing and collaboration is one of the fastest growing areas in the network application services market. The purchase of iVision will […]

Vocus Acquires Perth iX Datacenter for A$7m

29th March 2011. Vocus Communications Ltd (VOC) has announced that it has entered into a binding agreement to acquire the Perth data centre operator PerthIX. Vocus has paid an upfront consideration of $6.275m in cash with an additional performance earn out of up to $725,000 should the business exceed FY12 forecasts. The takeover of PerthIX […]