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BREAKING NEWS: Optus Runs Ruler Over Amaysim As Telco’s Consolidate

As TPG and Vodafone look to merge is what is set to be a $33 billion-dollar deal, Optus is believed to be running a ruler over Amaysim the small mobile provider and grey smartphone seller.

Optus who have spent the past 12 months laying off staff and several last week is believed to have approached Amaysim management about an acquisition of the company.

The prospect of Vodafone and TPG merging and taking on Optus is believed to have prompted the direct move as Optus looks to grow scale ahead of the roll out of 5G next year.

ChannelNews understands that there are no investment bankers or advisors involved in the deal with Amaysim that was founded in 2010 and lists Peter O’Connell, Rolf Hansen, Christian Magel, Thomas Enge and Andreas Perreiter as directors, the Company is valued at around $200M.

Some observers believe that the move by Optus could see Telstra take a look at Amaysim as they are also chasing growth.

The Australian newspaper said that Optus is owned by Singapore telco SingTel, which is known to be reluctant to outlay money on acquisitions and that while the Optus Australia management may be eager to embark on a deal, whether one occurs depends largely on the attitude of its parent.

Shares in Amaysim rallied more than 11 per cent on Wednesday following news that TPG was in play, with the consolidation largely seen as good news for the telecoms industry.

Now it seems the talks may have triggered a chain reaction where others also have to consolidate in an effort to compete in the highly competitive Australian telco landscape.

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