CompaniesTelecommunicationsEnergyPrint articleAmaysim offloads energy business to AGLJames Fernyhough and Angela Macdonald-SmithAug 31, 2020 – 10.13amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginTelecom retailer Amaysim will sell its energy business, Click Energy, to AGL for $115 million to reduce risk during the pandemic-induced economic crisis.The price is $5 million less than Amaysim paid for the company three and a half years ago, and will leave it as a mobile-only retailer after it stopped reselling NBN plans in 2018. The deal, which had been on the cards for some months, will boost AGL's retail energy customer numbers by 211,000.Loading...James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.auAngela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreEnergyAmaysimAGL EnergyEarnings seasonLatest In TelecommunicationsFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineThe 25 new watches you need to know nowLuke Benedictus and Bani McSpeddenWhat OpenAI’s Sam Altman suggests you do to keep your jobThis Australian watch reseller is making its move on London and NYCBOSS Financial ReviewThe army captain now helping companies fight a new battlePatrick DurkinWhat the NAB saga reveals about the private lives of CEOsThe 5 tips that stuck with 2025’s BOSS Young ExecutivesLife & LeisureSpice up your life with dirty rice perfume and a leather Prada skirtEugenie KellyHow surfing keeps this founder saneWhat’s the big deal about Bora Bora anyway?Rich ListStake.com founder invests millions to build Australia’s ChatGPTPaul SmithRich Lister Walker family donate millions to Sydney cancer centreChina provides reality check for Forrest’s green iron dream
