amaysim Australia (ASX:AYS) completes sale of mobile business to Optus

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amaysim Australia (ASX:AYS) has sold its mobile business to its long-term strategic wholesale partner, Optus Mobile Pty.

The Share Sale Agreement was announced on 2 November for all cash consideration of $250 million.

Following the completion of the sale, the takeover offer from Wilson Asset Management (WAM) is set to open to shareholders on Tuesday.

Shares in amaysim Australia (ASX:AYS) are trading flat at 76 cents.

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Source: Finance News Network