amaysim’s $250m sale to Optus

amaysim’s $250m sale to Optus

Impressive team work from our client amaysim, who after disrupting the mobile market to become the fourth largest Australian telco, has received a $250 million bid from Optus, in an offer amaysim CEO Peter O‘Connell, describes as “too good to refuse”.

amaysim’s share price was up 11% on the back of the deal. Cannings has provided strategic advice on communications, media and investor relations to amaysim since its ASX listing in 2015, through strategy changes including the decision to sell broadband and energy plans, executive changes, acquisitions such as Click Energy, Jeenee Mobile and OVO Mobile and now the proposed sale to Optus.