subscribe to our newsletter sign up
Telcos connect through $3bn merger

Telcos connect through $3bn merger


Two firms have advised on the merger of two telecommunication companies, worth a total of $3 billion.

Firms: Allens (M2 Group); Minter Ellison (Vocus Communications)

Deal: M2 Group has merged with Vocus Communications.

Value: $3 billion

Area: M&A

Key players: The Allens team was led by corporate partners Mark Malinas (pictured) and Robert Simkiss, and competition partner Fiona Crosbie.

Deal significance: M2 Group provides telecommunications products and utility services to Australian households and small-to-medium businesses. Vocus Communications is an ASX-listed telecommunications provider of data centre, dark fibre and international internet connectivity across Australia, New Zealand, Singapore and the US.

According to a release by Allens, the merged company will become the fourth-largest integrated telco in Australia, with combined revenue of $1.8 billion per year.

Under the proposed merger, M2 Group shareholders will receive 1.625 Vocus shares for each M2 share.

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

Promoted content
Recommended by Spike Native Network