M2 mulls bid for Lumo: report

Telecommunications group considering play for electricity and gas retailer.

M2 Group (MTU) is considering a near $300 million bid for Lumo Energy, according to The Australian Financial Review.

The company has previously indicated a desire to expand its energy business, with a possible deal for the electricity and gas retailer aiding M2 in a growing market push to bundle energy and phone deals to customers.


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