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Melbourne-based M2 Group buys New Zealand’s Call Plus Group for $NZ250 million

( April 16, 2015, 05:37 GMT | Insight) -- Melbourne-based telecommunications company M2 Group has signed a $NZ250 million ($245 million) deal to buy New Zealand's third ISP, Call Plus Group, the Australian Financial Review reported. M2 Group, worth about $2 billion, is best known for owning Au...Melbourne-based telecommunications company M2 Group has signed a $NZ250 million ($245 million) deal to buy New Zealand's third ISP, Call Plus Group, the Australian Financial Review reported. M2 Group, worth about $2 billion, is best known for owning Australian Internet service providers Dodo and iPrimus. Investors welcomed the deal, driving the company's share price up 10.74 percent to $11.55 per share – a new record that gives M2 a market capitalization of $2.1 billion. M2 Group chief executive Geoff Horth also hinted there were more acquisitions in the New Zealand market to come....

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