M2 Group: Difference between revisions

M2 Group Ltd
Company type	Public
Traded as	ASX: MTU
ISIN	AU000000MTU6
Industrie	Telekommunikation
Gegründet	1999 by Vaughan Bowen
Defunct	February 5, 2016
Fate	Merged with Vocus Communications
Hauptsitz	Melbourne, Australia
Area served	Australia, New Zealand
Key people	Geoff Horth (Chief Executive Officer) ; Scott Carter (Chief Operating Officer) Darryl Inns (Chief Financial Officer)
Produkte	Wholesale & Retail Telecommunications, Power and Gas, Insurance
Revenue	A$1.12 billion (FY15)
Number of employees	3300 FTE (2015)
Website	www.m2.com.au

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M2 Group Ltd was an Australian retailer and wholesaler of telecommunications services as well as power, gas and insurance products.

On 5 February 2016, M2 Group Ltd merged into Vocus Communications.

History

Established in 1999, M2 Group Ltd (“M2”, ASX: MTU) was a provider of a range of communication, utility and insurance services to Australian households and small businesses. Headquartered in Melbourne, M2 had more than 3000 employees in Australia, New Zealand and the Philippines. At M2's 2013 Annual General Meeting, shareholders voted to change the company's name from M2 Telecommunications Group Ltd to M2 Group Ltd.^[1]

M2's business segment included the Commander and Engin brands, offering a suite of traditional and managed voice and data services and equipment.

Consumer division

The consumer segment, under the brands of Dodo and iPrimus, offered Australian consumers telecommunications services, energy and insurance

Wholesale division

Through the M2 Wholesale division, the firm provides wholesale fixed line, mobile and data telecommunications services to small and medium-sized telecommunications service providers and Internet Service Providers.

M2 was named by BRW Magazine as one of Australia's 100 fastest-growing companies five times between 2003 - 2008, and in the Deloitte Technology Fast 50 eight times between 2004 and 2013.^[2]

Acquisitions

The company had made several acquisitions, and maintained a diverse portfolio of brands across a range of market segments.

In 2005, it acquired Protel Communications, a small provider of broadband and telephony services^{[citation needed]}.
In 2007, it acquired Wholesale Communications Group,^[3] Tenex,^[4] Southern Cross Telecommunications^{[citation needed]} and Orion Telecommunications.^[5]
In 2008, it acquired Unitel Pty Ltd and agreed to purchase People Telecom.^[6]
In 2009, M2 acquired selected strategic assets of Commander Communications.^[7]
In 2012, M2 acquired Primus Telecommunications for $192 million.^[8]
In 2013, the company announced its planned acquisition of Dodo for $204 million,^[9] and Eftel (which included the aaNet, Engin and ClubTelco brands) for $44 million.^[10]
In 2015, M2 acquired CallPlus and 2Talk for NZD$250 Million.^[11]

Merger

On 28 September 2015, it was reported that M2 Group and Vocus Communications would merge to create the 3rd largest and 4th largest telecom company in New Zealand and Australia respectively. The resulting company was estimated to be worth US$1.4 billion.^[12] After the completion of the merger, M2 CEO Geoff Horth will remain the Chief Executive of the successor group and M2 shareholders will gain a 56% ownership of the new entity.^[13] As of 5 February 2016, M2 Group Ltd and Vocus Communications Limited obtained the final court approval to proceed with the merger of the two companies^[14] and now trades on the ASX under Vocus.^[15]

References

^ "Investors | Vocus Group" (PDF).
^ "Deloitte | Technology Fast 50: 2012 Winners' Report". Archived from the original on 9 March 2013. Retrieved 11 August 2012.
^ "Acquisition of WCG". iTWire. Archived from the original on 2 December 2008.
^ "M2 completes acquisition of Tenex". M2 Telecommunications. Archived from the original on 19 July 2008.
^ "M2 Telecommunications to buy Orion". Wireless Federation.
^ "M2 agrees to acquire People Telecom" (PDF). ASX.
^ "M2 buys Commander SMB unit in 'strategic coup'". Fairfax.
^ "M2 buys Primus". Fairfax.
^ "M2 buys Dodo, launches takeover bid for Eftel". Fairfax.
^ "M2 closes Eftel offer". Computerworld.
^ "M2 to Acquire Call Plus Group & 2Talk" (PDF).
^ Stewart, Robb M. "Vocus, M2 Group Plan Merger", Wall Street Journal, 27 September 2015. Accessed 3 February 2016.
^ Ryan, Holly. "M2 merger to create NZ's 3rd biggest telco", NZ Herald, 28 September 2015. Accessed 3 February 2016.
^ "Vocus and M2 Merger Approved · Vocus Communications". 28 February 2017. Retrieved 28 February 2017.
^ "Investors | Vocus Communications". www.vocus.com.au. Archived from the original on 10 September 2015.

[1] "Investors | Vocus Group" (PDF).

[2] "Deloitte | Technology Fast 50: 2012 Winners' Report". Archived from the original on 9 March 2013. Retrieved 11 August 2012.

[3] "Acquisition of WCG". iTWire. Archived from the original on 2 December 2008.

[4] "M2 completes acquisition of Tenex". M2 Telecommunications. Archived from the original on 19 July 2008.

[5] "M2 Telecommunications to buy Orion". Wireless Federation.

[6] "M2 agrees to acquire People Telecom" (PDF). ASX.

[7] "M2 buys Commander SMB unit in 'strategic coup'". Fairfax.

[8] "M2 buys Primus". Fairfax.

[9] "M2 buys Dodo, launches takeover bid for Eftel". Fairfax.

[10] "M2 closes Eftel offer". Computerworld.

[11] "M2 to Acquire Call Plus Group & 2Talk" (PDF).

[12] Stewart, Robb M. "Vocus, M2 Group Plan Merger", Wall Street Journal, 27 September 2015. Accessed 3 February 2016.

[13] Ryan, Holly. "M2 merger to create NZ's 3rd biggest telco", NZ Herald, 28 September 2015. Accessed 3 February 2016.

[14] "Vocus and M2 Merger Approved · Vocus Communications". 28 February 2017. Retrieved 28 February 2017.

[15] "Investors | Vocus Communications". www.vocus.com.au. Archived from the original on 10 September 2015.

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@@ Line 1: / Line 1: @@
+{{Short description|Former Australian retailer}}
+{{Use dmy dates|date=November 2019}}
 {{Infobox company
 | name             = M2 Group Ltd
-| logo             = [[Image:M2LogoNew 2013.jpg|center|200px]]
+| logo             = M2LogoNew 2013.jpg
 | type             = [[Public company|Public]]
+| ISIN             = AU000000MTU6
 | traded_as        = {{asx|MTU}}
+| defunct = {{End date|2016|2|5}}
-| foundation       = 1999 by [[Vaughan Bowen]]
+| fate = Merged with [[Vocus Communications]]
-| industry         = [[Telecommunication]]s
-| location         =  [[Melbourne]], [[Australia]]
+| area_served      = [[Australia]], [[New Zealand]]
+| key_people       = Geoff Horth <small>(Chief Executive Officer)</small> <br />
-| area_served      = [[Australia]]
-| key_people       = Geoff Horth <small>(Chief Executive Officer)</small> <br/>
 		     Scott Carter <small>(Chief Operating Officer)</small>
                      Darryl Inns <small>(Chief Financial Officer)</small>
+| industry         = [[Telecommunication]]s
 | products         = Wholesale & Retail Telecommunications, Power and Gas, Insurance
 | revenue          = {{increase}} [[Australian dollar|A$]]1.12 billion (FY15)
 | num_employees    = 3300 [[Full-time equivalent|FTE]] (2015)
-| homepage         = [http://www.m2.com.au www.m2.com.au]
+| foundation       = 1999 by [[Vaughan Bowen]]
+| location         = [[Melbourne]], [[Australia]]
+| homepage         = {{URL|www.m2.com.au}}
 }}
-'''M2 Group Ltd''' is an Australian retailer and wholesaler of [[telecommunications]] services as well as power, gas and insurance products.
+'''M2 Group Ltd''' was an Australian retailer and wholesaler of [[telecommunications]] services as well as power, gas and insurance products.
+On 5 February 2016, M2 Group Ltd merged into [[Vocus Communications]].
 == History ==
-Established in 1999, M2 Group Ltd (“M2”, ASX: MTU) is a provider of a range of communication, [[utility]] and insurance services to Australian households and small businesses. Headquartered in [[Melbourne]], M2 has more than 3000 employees in [[Australia]], [[New Zealand]] and the [[Philippines]]. At M2's 2013 Annual General Meeting, shareholders voted to change the Company's name from M2 Telecommunications Group Ltd to M2 Group Ltd.{{Citation needed|date=July 2014}}
+Established in 1999, M2 Group Ltd (“M2”, ASX: MTU) was a provider of a range of communication, [[utility]] and insurance services to Australian households and small businesses. Headquartered in [[Melbourne]], M2 had more than 3000 employees in [[Australia]], [[New Zealand]] and the [[Philippines]]. At M2's 2013 Annual General Meeting, shareholders voted to change the company's name from M2 Telecommunications Group Ltd to M2 Group Ltd.<ref>{{Cite web|url=http://m2.com.au/media/6252/AnnualReport2014.pdf|title=Investors &#124; Vocus Group}}</ref>
-M2’s business segment includes the Commander and Engin brands, offering a suite of traditional and managed voice and data services and equipment.
+M2's business segment included the Commander and Engin brands, offering a suite of traditional and managed voice and data services and equipment.
 ==Consumer division ==
+The consumer segment, under the brands of Dodo and iPrimus, offered Australian consumers telecommunications services, energy and insurance
-The consumer segment, under the brands of Dodo and iPrimus, offers Australian consumers telecommunications services, energy and insurance
 ==Wholesale division ==
 Through the M2 Wholesale division, the firm provides wholesale fixed line, mobile and data telecommunications services to small and medium-sized telecommunications service providers and Internet Service Providers.
-M2 was named by BRW Magazine as one of Australia’s 100 fastest-growing companies five times between 2003 - 2008, and in the Deloitte Technology Fast 50 eight times between 2004 and 2013.<ref>http://www.deloitte.com/view/en_AU/au/industries/tmt/8c44f654033ea310VgnVCM2000003356f70aRCRD.htm</ref>
+M2 was named by BRW Magazine as one of Australia's 100 fastest-growing companies five times between 2003 - 2008, and in the Deloitte Technology Fast 50 eight times between 2004 and 2013.<ref>{{cite web|url=http://www.deloitte.com/view/en_AU/au/industries/tmt/8c44f654033ea310VgnVCM2000003356f70aRCRD.htm |title=Deloitte &#124; Technology Fast 50: 2012 Winners' Report |accessdate=2012-08-11 |url-status=dead |archiveurl=https://web.archive.org/web/20130309083325/http://www.deloitte.com/view/en_AU/au/industries/tmt/8c44f654033ea310VgnVCM2000003356f70aRCRD.htm |archivedate=2013-03-09 }}</ref>
 ==Acquisitions==
-The company has made several acquisitions, and maintains a diverse portfolio of brands across a range of market segments.
+The company had made several acquisitions, and maintained a diverse portfolio of brands across a range of market segments.
 *In 2005, it acquired Protel Communications, a small provider of broadband and telephony services{{Citation needed|date=April 2010}}.
-*In 2007, it acquired Wholesale Communications Group,<ref>{{cite web | title = Acquisition of WCG | url = http://www.itwire.com/content/view/14033/127/ | work =  | publisher = iTWire }}</ref> Tenex,<ref>{{cite web | title = M2 completes acquisition of Tenex | url = http://www.m2.com.au/viewfile.php?id=109 | work = | publisher = M2 Telecommunications }}</ref> [[Southern Cross Telco|Southern Cross Telecommunications]]{{Citation needed|date=April 2010}} and Orion Telecommunications.<ref>{{cite web | title = M2 Telecommunications to buy Orion | url = http://wirelessfederation.com/news/orion-to-buy-m2-telecommunications/ | work =  | publisher = Wireless Federation }}</ref>
+*In 2007, it acquired Wholesale Communications Group,<ref>{{cite web | title = Acquisition of WCG | url = http://www.itwire.com/content/view/14033/127/ | publisher = iTWire | url-status = dead | archiveurl = https://web.archive.org/web/20081202043729/http://www.itwire.com/content/view/14033/127/ | archivedate = 2008-12-02 }}</ref> Tenex,<ref>{{cite web | title = M2 completes acquisition of Tenex | url = http://www.m2.com.au/viewfile.php?id=109 | publisher = M2 Telecommunications | url-status = dead | archiveurl = https://web.archive.org/web/20080719122713/http://www.m2.com.au/viewfile.php?id=109 | archivedate = 2008-07-19 }}</ref> [[Southern Cross Telco|Southern Cross Telecommunications]]{{Citation needed|date=April 2010}} and Orion Telecommunications.<ref>{{cite web | title = M2 Telecommunications to buy Orion | url = http://wirelessfederation.com/news/orion-to-buy-m2-telecommunications/ | publisher = Wireless Federation }}</ref>
-*In 2008, it acquired Unitel Pty Ltd and agreed to purchase [[People Telecom]].<ref>{{cite web | title = M2 agrees to acquire People Telecom | url = http://www.asx.com.au/asxpdf/20081205/pdf/31f1jfx8479cqr.pdf | work =  | publisher = ASX }}</ref>
+*In 2008, it acquired Unitel Pty Ltd and agreed to purchase [[People Telecom]].<ref>{{cite web | title = M2 agrees to acquire People Telecom | url = http://www.asx.com.au/asxpdf/20081205/pdf/31f1jfx8479cqr.pdf | publisher = ASX }}</ref>
-*In 2009, M2 acquired selected strategic assets of [[Commander Australia|Commander Communications]].<ref>{{cite web | title =  M2 buys Commander SMB unit in 'strategic coup'| url = http://afr.com/home/login.aspx?EDP://20090603000031208749&section=industry-itt | work =  | publisher = Fairfax }}</ref>
+*In 2009, M2 acquired selected strategic assets of [[Commander Australia|Commander Communications]].<ref>{{cite web | title =  M2 buys Commander SMB unit in 'strategic coup'| url = http://afr.com/home/login.aspx?EDP://20090603000031208749&section=industry-itt | publisher = Fairfax }}</ref>
-*In 2012, M2 acquired [[Primus Telecommunications (Australia)|Primus Telecommunications]] for $192 million.<ref>{{cite web | title =  M2 buys Primus| url = http://www.heraldsun.com.au/business/m2-buys-primus-for-192-million-as-it-prepares-for-national-broadband-network/story-fn7j19iv-1226327649408 | work =  | publisher = Fairfax }}</ref>
+*In 2012, M2 acquired [[Primus Telecommunications (Australia)|Primus Telecommunications]] for $192 million.<ref>{{cite web | title =  M2 buys Primus| url = http://www.heraldsun.com.au/business/m2-buys-primus-for-192-million-as-it-prepares-for-national-broadband-network/story-fn7j19iv-1226327649408 | publisher = Fairfax }}</ref>
-*In 2013, the company announced its planned acquisition of [[Dodo Services|Dodo]] for $204 million,<ref>{{cite web | title = M2 buys Dodo, launches takeover bid for Eftel | url = http://www.afr.com/p/technology/buys_dodo_launches_takeover_bid_6TFhSO5GYevWX1kKAysiBI | work = | publisher = Fairfax }}</ref> and [[Eftel]] (which included the [[aaNet]], [[Engin Limited|Engin]] and [[ClubTelco]] brands) for $44 million.<ref>{{cite web | title = M2 closes Eftel offer | url = http://www.computerworld.com.au/article/461609/m2_closes_eftel_offer/ | work = | publisher = Computerworld }}</ref>
+*In 2013, the company announced its planned acquisition of [[Dodo Services|Dodo]] for $204 million,<ref>{{cite web | title = M2 buys Dodo, launches takeover bid for Eftel | url = http://www.afr.com/p/technology/buys_dodo_launches_takeover_bid_6TFhSO5GYevWX1kKAysiBI | publisher = Fairfax }}</ref> and [[Eftel]] (which included the [[aaNet]], Engin and [[ClubTelco]] brands) for $44 million.<ref>{{cite web | title = M2 closes Eftel offer | url = http://www.computerworld.com.au/article/461609/m2_closes_eftel_offer/ | publisher = Computerworld }}</ref>
-*In 2015, M2 acquired [[CallPlus]] for NZD$250 Million.<ref>{{cite web | title = M2 to Acquire Call Plus Group & 2Talk | url = http://www.asx.com.au/asxpdf/20150413/pdf/42xvf3xfvtndvd.pdf}}</ref>
+*In 2015, M2 acquired [[CallPlus]] and 2Talk for NZD$250 Million.<ref>{{cite web | title = M2 to Acquire Call Plus Group & 2Talk | url = http://www.asx.com.au/asxpdf/20150413/pdf/42xvf3xfvtndvd.pdf}}</ref>
 ==Merger==
-On 28 September 2015, it was reported that M2 Group and Vocus Communications would merge to create the 3rd largest and 4th largest telecom company in New Zealand and Australia respectively. After the completion of the merger, M2 CEO Geoff Horth will remain the Chief Executive of the successor group and M2 shareholders will gain a 56% ownership of the new entity.<ref>http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11520216</ref>
+On 28 September 2015, it was reported that M2 Group and [[Vocus Communications]] would merge to create the 3rd largest and 4th largest telecom company in New Zealand and Australia respectively. The resulting company was estimated to be worth US$1.4 billion.<ref>Stewart, Robb M. [https://www.wsj.com/articles/vocus-m2-group-plan-merger-1443392845 "Vocus, M2 Group Plan Merger"], ''Wall Street Journal'', 27 September 2015. Accessed 3 February 2016.</ref> After the completion of the merger, M2 CEO Geoff Horth will remain the Chief Executive of the successor group and M2 shareholders will gain a 56% ownership of the new entity.<ref>Ryan, Holly. [http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11520216 "M2 merger to create NZ's 3rd biggest telco"], ''NZ Herald'', 28 September 2015. Accessed 3  February 2016.</ref> As of 5 February 2016, M2 Group Ltd and Vocus Communications Limited obtained the final court approval to proceed with the merger of the two companies<ref>{{Cite news|url=https://www.vocus.com.au/news/vocus-and-m2-merger-approved|title=Vocus and M2 Merger Approved · Vocus Communications|date=2017-02-28|access-date=2017-02-28}}</ref> and now trades on the ASX under Vocus.<ref>{{cite web |url=https://www.vocus.com.au/investors |title=Investors {{!}} Vocus Communications |website=www.vocus.com.au |url-status=dead |archive-url=https://web.archive.org/web/20150910132051/http://www.vocus.com.au/investors |archive-date=2015-09-10}} </ref>
 ==References==
-{{Reflist|2}}
+{{Reflist|30em}}
+[[Category:M2 Group| ]]
 [[Category:Companies based in Melbourne]]
 [[Category:Telecommunications companies of Australia]]
 [[Category:Internet service providers of Australia]]
-[[Category:M2 Telecommunications]]
+[[Category:Financial services companies established in 1999]]
-[[Category:Companies established in 1999]]
+[[Category:1999 establishments in Australia]]