Telco provider M2 Telecommunications has confirmed it will purchase Dodo in a deal worth $203.9 million. Where does this leave Dodo's 400,000 odd customers?
We're currently waiting to hear back from Dodo and M2, but the short answer is that you can expect things to carry on as normal. In an Australian Securities Exchange announcement, M2 confirmed that it intends to keep Dodo's branding, management team and back-of-house operations intact. The acquisition of Dodo and partner company Eftel is expected to contribute $400 million revenue by FY2014.
"Throughout the due diligence process we were very pleased to find the business to be highly efficient with robust internal systems and processes; a testament to the dedication and skill of the Dodo team," said M2 CEO Geoff Horth. (Insert your own Dodo joke or TIO reference here if you must.)
In other words, you can expect your Dodo account to carry on as normal, at least for the time being. We'll keep you posted with more information as we get it.