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M2 Telecommunications Group Limited (ASX:MTU) has inked a deal with Primus Telecommunications Group to acquire its Australian operations.
The acquisition is said to be worth $192.4 million boosting its size under the national broadband network.
Primus Australia provides telecom services to consumers as well as small and medium sized businesses around the country.
Earlier this year, M2 bought Time Group assets for $18.35 million.
In the first half of the 2012 financial year, M2 reported a net profit of $16.7 million.
