M2 banks on telco buying strategy

M2 is pre­paring to spend more than $100m on new acquisition targets this year.

M2 Telecommunications is pre­paring to spend more than $100 million on new acquisition targets this year as the company looks to cement its position as the fourth force in the $35 billion-a-year telco sector.

M2 chief executive Geoff Horth said the telco was considering a “couple of sizeable ­acquisition opportunities” to propel the company into its next phase of growth.

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