Amaysim shares surge on $70m Vaya takeover

Original article by Ruth Liew
The Australian Financial Review – Page: 15 : 5-Jan-16

Amaysim currently boasts 718,000 mobile telephone subscribers, and the acquisition of online-only telco Vaya will increase its customer base by around 140,000. CEO Julian Ogrin says the $A70m deal will assist the growth strategy of Amaysim, which is aiming for one million customers by 2019. Ogrin anticipates further consolidation in the mobile phone market in 2016. Amaysim shares closed 20 per cent higher at $A2.75 on 4 January.

CORPORATES
AMAYSIM AUSTRALIA LIMITED – ASX AYS, VAYA PTY LTD, SINGTEL OPTUS PTY LTD, TPG TELECOM LIMITED – ASX TPM, IINET LIMITED, VOCUS COMMUNICATIONS LIMITED – ASX VOC, M2 GROUP LIMITED – ASX MTU, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE AUSTRALIA LIMITED

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