No iiNet, But M2 To Look For More Acquisitions

“I am pleased to deliver another year of strong growth,” said CEO
Geoff Horth. “Our over-arching objective for FY16 and beyond is to own the
challenger space in our markets in Australia and New Zealand.

M2 in July announced it had completed its $247 million acquisition of New
Zealand ISP Call Plus, which claims more than 400,000 consumer, business and
wholesale services across a number of brands, including Call Plus Business,
Slingshot and Orcon.

The acquisition is expected to contribute NZ$250 million in revenue in FY16.