AUDIO: M2 Telecommunications Group Limited (ASX:MTU) - M2 Acquires Unitel From Commander

Sydney, Feb 4, 2008 (ABN Newswire) - M2 Telecommunications Group Limited (ASX: MTU)("M2") has announced today that it has executed a binding Share Sale Agreement to acquire Unitel Australia Pty Ltd ("Unitel"), the wholesale network services business of Commander Communications (ASX: CDR). To facilitate an orderly transition of the business, completion is scheduled to be on or before 22 February 2008.

Unitel is an established wholesale provider of fixed line (including local access), mobile and data services to telecommunications service providers Australia-wide. Unitel and its predecessor RSL Com Partners, have been delivering wholesale network services since 1999, with a track record of strong recurring revenues and positive earnings.

Broadcaster: M2 Telecommunications Group Limited (ASX: MTU)

Broadcast Title: MTU - M2 Acquires Unitel from Commander - Mr Vaughan Bowen, Managing Director

Broadcast Type: Audio stream

Audio webcast Link:

Listen to the Audio stream and view the announcement for M2 Telecommunications Group Limited (ASX: MTU) below.

http://abnnewswire.net/vlnk/2KJ9918A

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About M2 TELECOMMUNICATIONS GROUP LIMITED

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.