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No iiNet, But M2 To Look For More Acquisitions

No iiNet, But M2 To Look For More AcquisitionsThe company, whose Australian brands include Dodo,
iPrimus and Commander, reported net profit after tax of $73.7 million, up 10pc.

“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.