Telstra Corporation Limited (ASX:TLS) acquired O2 Networks Pty Ltd for AUD 55 million on December 31, 2013. Of the total consideration, AUD 4 million will be paid by June 30, 2014, upon O2 Networks achieving pre-determined targets. O2 brand would be retained for the time being and all O2 staff will continue to be employed by Telstra after the acquisition. The acquisition was not subject to ACCC approval.


Telstra Corporation Limited (ASX:TLS) completed the acquisition of O2 Networks Pty Ltd on December 31, 2013.