Amaysim Australia completed the acquisition of Jeenee Communications Pty Ltd

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.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK