M2 Group Ltd Stock Market Press Releases and Company Profile

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:

http://abnnewswire.net/alnk/JA85G6MZ

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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Contact

Vaughan Bowen
Managing Director - CEO
Tel: +61-3-9674-6555

Kellie Dean
Company Secretary
Tel: +61-407-359-590


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