M2 Group

M2 Group Ltd
Public
Traded as ASX: MTU
Industry Telecommunications
Founded 1999 by Vaughan Bowen
Headquarters Melbourne, Australia
Area served
 Australia
Key people

Geoff Horth (CEO)
Darryl Inns (CFO)

Scott Carter (Business and Wholesale Director)
Products Wholesale & Retail Telecommunications, Power and Gas, Insurance
Revenue Increase A$681.0 million (FY13)
Number of employees
 3000 FTE (2013)
Website www.m2.com.au

M2 Group Ltd is an Australian retailer and wholesaler of telecommunications services as well as power, gas and insurance products.

History

Established in 1999, M2 Group Ltd (“M2”, ASX: MTU) is a fast-growing provider of a range of communication, utility and insurance services to Australian households and small businesses. Headquartered in Melbourne, M2 has more than 3000 employees in Australia, New Zealand and the Philippines. At M2's 2013 Annual General Meeting, shareholders voted to change the Company's name from M2 Telecommunications Group Ltd to M2 Group Ltd.

M2’s business segment includes the Commander and Engin brands, offering a suite of traditional and managed voice and data services and equipment.

Consumer division

The consumer segment, under the brands of Dodo and iPrimus, offers Australian consumers telecommunications services, energy and insurance

Wholesale division

Through the M2 Wholesale division, the firm provides wholesale fixed line, mobile and data telecommunications services to small and medium-sized telecommunications service providers and Internet Service Providers.

M2 was named by BRW Magazine as one of Australia’s 100 fastest-growing companies five times between 2003 - 2008, and in the Deloitte Technology Fast 50 eight times between 2004 and 2013.[1]

Acquisitions

The company has made several acquisitions.

In 2005, it acquired Protel Communications, a small provider of broadband and telephony services.

In 2007, it acquired Wholesale Communications Group,[2] Tenex,[3] Southern Cross Telecommunications and Orion Telecommunications.[4]

In 2008, it acquired Unitel Pty Ltd and agreed to purchase People Telecom.[5]

In 2009, M2 Telecommunications acquired selected strategic assets of Commander Communications.[6]

In 2012, M2 Telecommunications acquired Primus for $192 million [7]

In 2013, M2 Telecommunications announced its planned acquisition of Dodo and Eftel for $248 million total.[8]

In 2013, M2 Telecommunications acquired Engin for an unknown amount.

in 2015, M2 Telecommunications acquired CallPlus for NZD$250 Million.[9]

References