Singapore-based telecommunications giant Optus has acquired ASX-listed mobile phone plan retailer Amaysim in an all-cash deal valued at $250 million, or $30 million more than its market capitalisation at the close of play on Monday.
The takeover, which is still subject to shareholder approval, would see Amaysim delist next June.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
