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    Competing Offers for Australia's iiNet May Set Off Bidding War

    DJ Business News – 11:39 PM ET 04/29/2015

    SYDNEY--Australia's iiNet Ltd. has given TPG Telecom (TPGTF) three business days to sweeten its bid following a competing offer from rival M2 Group Ltd. (MTCZF). The move raises the prospect of a bidding war in what may become the latest shake-up of Australia's telecommunications sector, as smaller companies seek to break the dominance of Telstra Corp. (TTRAF), Australia's largest phone company by market value and customers. TPG offered 1.4 billion Australian dollars in cash, while M2's share offer,...

  2. Show article details.

    Rival Bids for iiNet May Set Off Bidding War

    DJ Business News – 10:05 PM ET 04/29/2015

    SYDNEY--Australia's iiNet Ltd. has given TPG Telecom (TPGTF) three business days to sweeten its bid following a competing offer from rival M2 Group Ltd. (MTCZF). The move raises the prospect of a bidding war in what may become the latest shake-up of Australia's telecommunications sector, as smaller companies seek to break the dominance of Telstra Corp., Australia's largest phone company by market value and customers. TPG offered 1.4 billion Australian dollars in cash, while M2's share offer,...

  3. Show article details.

    Australia's M2 Group Launches Rival A$1.5 Billion Offer for iiNet -- Update

    DJ Business News – 11:38 PM ET 04/26/2015

    SYDNEY-- M2 Group Ltd. (MTCZF) could be kicking off a bidding war for internet-service-provider iiNet Ltd. with an offer of around 1.5 billion Australian dollars, in a further shake-up of Australia's telecommunications scene. M2 Group's (MTCZF) all-scrip offer beats TPG Telecom's A $1.4 billion cash offer which received the backing of iiNet board last month. M2 Group (MTCZF), which currently supplies telecommunications, electricity and gas to residential and business customers across Australia,...

  4. Show article details.

    M2 Group Offers $1.18 Billion for iiNet

    DJ Business News – 9:15 PM ET 04/26/2015

    SYDNEY-- M2 Group Ltd. (MTCZF) could be kicking off a bidding war for internet-service-provider iiNet Ltd. with an offer of around 1.5 billion Australian dollars, in a further shake-up of Australia's telecommunications scene. M2 Group's (MTCZF) all-scrip offer beats TPG Telecom's A $1.4 billion cash offer which received the backing of iiNet board last month. M2 Group (MTCZF), which currently supplies telecommunications, electricity and gas to residential and business customers across Australia,...

  5. Show article details.

    Australia’s M2 Group Leverages GENBAND’s fring Over The Top (OTT) Solution to Launch Dodo Phone Anywhere

    Business Wire – 8:00 AM ET 04/20/2015

    GENBAND, a leading developer of real time communications software solutions, today announced that Dodo, one of Australia’s fastest-growing, cost-conscious challenger brands owned by the M2 Group (MTCZF), has selected GENBAND’s fring to empower its customers with cheap, easy communications both locally and internationally. fring is a white-label, cloud-based telecom OTT solution that enables service...

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