Anchorage Capital Partners is believed to have cooled on the listed telco Amaysim as a potential takeover target.
It is likely to lead to some soul searching by Amaysim, which many believe could be broken up or restructured if it is not sold off in one line.
There was some talk about a potential tie-up between larger telco Vocus and Amaysim and Optus cast its eye over the business some time ago.
Amaysim provides SIM-only mobile plans and has expanded into the home internet market.
It is thought that Anchorage’s particular interest was in its Click Energy operation.
Amaysim’s share price has fallen from close to $1 a year ago to 35c, taking its value to $107m.
It comes at a time that SingTel is believed to be weighing a sale of its Optus telecoms towers.
The move would fund earnings growth and capital investment. No doubt, SingTel would also weigh the merits of an IPO of the assets, should it opt to move forward with a divestment, but a sale is expected to be more likely, with large infrastructure funds having a strong appetite for such assets.
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