Optus, a wholly-owned subsidiary of Singapore Telecommunications (Singtel), has completed its purchase of amaysim’s mobile business on Feb 1 for A$250 million ($253.6 million).

amaysim is a mobile virtual network operator (MVNO) with 1.2 million subscribers, and is Australia’s fourth largest mobile provider.

Following the agreement, amaysim will remain a standalone brand under Optus’ ownership.

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