Singtel's Optus to buy Australia MVNO Amaysim's mobile business for A$250m

The valuation was arrived at based on Optus' assessment of the customers, assets and prospects of Amaysim's mobile business, among other things.

Net liabilities of the mobile business amounted to about A$300,000, prior to the restructuring, based on the unaudited financial statements as at Sept 30.Optus said it"values the strong performance and customer-first focus" of the business and thus will keep Amaysim as a standalone brand after the acquisition.

Amaysim used to sell energy services as well, until it simplified its product offering on Oct 2 to focus on just mobile plans, according to the company's website. It listed on the Australian Securities Exchange in 2015, and has recently acquired Vaya, Jeenee and OVO's customers. Offering straightforward subscription pricing, Gomo is meant to target"value-conscious Australians seeking easy mobile connectivity", Optus said in its statement.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: Singtel, Wilmar, Yanlord, Mapletree NAC Trust, Hotel GrandTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Inspire Brands says to buy Dunkin' Brands donut company for US$8.8b[NEW YORK] Restaurant company Inspire Brands announced ON Friday it was buying Dunkin' Brands, owner of the Dunkin' donut and Baskin-Robbins ice cream chains, for US$8.8 billion. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »