Payday for CallPlus founders in $250M sale to M2

Mon, 13 Apr 2015

By Jonathan Underhill April 13 (BusinessDesk) - M2 Group, the ASX-listed voice and data services company, has agreed to acquire New Zealand's Call Plus for $250 million, gaining the nation's third largest broadband and fixed voice services provider and the Slingshot, Orcon, Flip and 2talk brands. The acquisition would add $250 million in sales and $45 million in earnings before interest, tax, depreciation and amortisation in 2016, the Melbourne-based company said in a statement. It would lift M2's 2016 per-share earnings by 15 percent. ...

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