Amaysim Australia completed the acquisition of Jeenee Communications Pty Ltd

  • Dec 02, 2019 AEDT
  • Team Kalkine

Australian telecommunications provider, amaysim Australia Limited (ASX: AYS) has further added to its growing mobile subscriber base by completing the acquisition of a privately-owned mobile virtual network operator, Jeenee Communications Pty Ltd for a total value of $7.8 million.

The acquisition forms part of amaysim’s strategic pillar to grow its position in the mobile market both organically and through complementary bolt-on acquisitions.

The acquisition is expected to deliver solid earnings upside in FY21 (the first full year post acquisition) and beyond.

 

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