Re share price movement, i'm fine with it.
It will hold above 35c till this correction is over, and ann's will be coming soon, on MYOB, BPL, Breakeven etc to send it way up.
Good news today - read below.
________________
http://www.mobilised.com.au/content/view/363/1/
M2 Adds Optus, Engin In Quick Succession
Wednesday, 31 May 2006
In the past fortnight M2 Telecommunications Group has signed agreements with engin to resell VoIP service and Optus Communications for the resale of it mobile phone services in a move that significantly increases the range of its offerings.
The agreement announced today with Optus will see the company reseller Optus mobile services to existing and emerging telecommunications service providers through its Wholesale Telecommunications Services subsidiary.
The engin alliance for IP Telephony is to be bundled with the company’s direct sell M2 Mobile offering and will be branded as M2 VoIP.
M2's Managing Director, Vaughan Bowen said of VoIP and the alliance with engin; "We feel we are entering the VoIP market at the right time and with the right partner in engin. We conducted a lengthy evaluation of alternative network providers and the commercial viability of VoIP, which notwithstanding the considerable hype, remains a new protocol with only a select few companies able to generate positive earnings".
"We are in a unique position as we are very profitable, have strong underlying revenues, sizable cash reserves and proven distribution channels. By tapping into engin's VoIP network we will be able to make a very substantial impact in the VoIP market by supplying customers with a differentiated VoIP solution," said Mr. Bowen.
Of the extension to the relationship with Optus, Bowen said, "This is a very significant commercial alliance for M2 and builds on our already close relationship with Optus. M2 and Optus have already identified a number of prospective wholesale customers who have expressed a strong desire to take advantage of the excellent network coverage and mobile product suite offered by Optus. We anticipate some of these customers are capable of generating new mobile connections that would represent considerable growth".
David Katz, acting Manager Director of Optus Wholesale said, "Optus is committed to the wholesale telecommunications market within Australia and this partnership enables us to service and broaden our footprint in the largely untapped segment of mobile wholesalers. Optus looks forward to working with M2 in providing Optus mobile services - this partnership will enable M2 to demonstrate its knowledge to this niche of telco service providers."