Boost for telco owner

The owner of the Primus and Dodo telco businesses has increased its full-year profit by 33 per cent and expects further growth in the year ahead. M2 Telecommunications made a net profit of $43.8 million in the 2013 financial year, up from $33 million the previous year. The boost was helped by revenue from its purchase of Dodo and Eftel in May, and Primus in 2012.

The owner of the Primus and Dodo telco businesses has increased its full-year profit by 33 per cent and expects further growth in the year ahead. M2 Telecommunications made a net profit of $43.8 million in the 2013 financial year, up from $33 million the previous year. The boost was helped by revenue from its purchase of Dodo and Eftel in May, and Primus in 2012.

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