M2 Telecommunications Group Limited ASX: MTU - Reports 50% Increase in Half Year Profit - Mr Vaughan Bowen, MD
Sydney, Feb 27, 2007 (ABN Newswire) - M2 Telecommunications Group Limited (ASX: MTU) - Reports 50% Increase in Half Year Profit - Mr Vaughan Bowen, MD; Boardroomradio is pleased to announce that M2 Telecommunications Group Limited (ASX: MTU) has published an audio file. The following presentation "Reports 50% Increase in Half Year Profit" is now available as an instant audio download to your computer. You may also transfer this information to your listening device as an IPod podcast.
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Broadcaster: M2 Telecommunications Group Limited (ASX: MTU)
Broadcast Title: Reports 50% Increase in Half Year Profit
Broadcast Type: Audio stream
View the Audio stream for M2 Telecommunications Group Limited (ASX: MTU) below.
Established in 1999, M2 Telecommunications Group Limited (ASX: MTU) is a network independent provider of fixed-line, mobile and data telecommunications services Australia wide and in New Zealand. M2 is head-quartered in Melbourne and employs approximately 160 people nationwide.
Within its "M2 Telecom" business division, M2 offers a suite of unique bundled telecommunications services and value added offerings targeted principally at the small enterprise market, distributed through an exclusive trans-Tasman network of sales dealerships, agencies and through targeted on-line marketing ventures (www.simplymobiles.com.au and www.greenmobiles.com.au). M2 Telecom also incorporates Southern Cross Telco, an established retail and small enterprise targeted telco, acquired by M2 in October 2007.
"M2 Wholesale" is the other core business division of M2, in which wholesale telecommunications services are supplied to small and medium sized telecommunications service providers and Internet Service Providers (ISP's). M2 Wholesale was launched in mid 2006 following M2's appointment by Optus as its exclusively endorsed aggregator/enabler of Optus mobile services. As a further boost to its wholesale operations, in May 2007 M2 completed the purchase of Australia's largest independent data wholesaling business, Wholesale Communications Group Pty Ltd (WCG).
With the announcement in February 4 2008 of M2 Wholesale's acquisition of Commander Communication's established wholesale network services company, Unitel Australia Pty Ltd, M2's consolidated revenues now exceed $140 million (annualised), approximately evenly shared between M2 Telecom and M2 Wholesale.
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