M2 becomes Optus mobile reseller

Stuart Corner
Monday, 05 September 2005 18:07

IT Policy - Regulation

ASX-listed M2 Telecommunications Group is to become reseller of services on the Optus Mobile network and says it plans to launch services in late September this year. The deal will be extended to cover the Optus 3G network when that launches later this year. M2's managing director, Vaughan Bowen, said: "the decision as to which mobile network was best suited to M2's customers was much deliberated. In the end, Optus came up with commercial and operational terms which we felt were aligned closest to the needs of our small & medium enterprise customers." M2 says it is also in the process of finalising new wholesale arrangements designed to enhance its broadband data and fixed line capabilities, which it expects to release over the coming weeks.

At the end of February the company posted its first set of results since listing on the ASX in late October last year. It reported EBITDA for the six months to December 31 2004 of $863,000 and revenue of $10.99 million.