People Telecom Explained

People Telecom Pty Ltd
Type:Subsidiary
Fate:Acquired
Foundation:2000
Founder:Ryan O'Hare
Colin Marland
Location City:North Sydney
Location Country:Australia
Industry:Telecommunications
Products:Broadband
Telephone
Mobile
Web Hosting
Revenue:A$90,000,000 (2006)
Num Employees:70
Parent:Vocus Group
Homepage:www.peopletelecom.com.au

People Telecom is an Australian telecommunications company and subsidiary of Vocus Group. It resells internet access and telephony services. It was founded in 2000 by Ryan O'Hare and Colin Marland.[1]

In 2004 People Telecom achieved stock market listing [2] by doing a reverse takeover of Swiftel Ltd. People Telecom was listed in the 2005 Australian Deloitte Fast 50 list of growing companies. In August 2007, John Stanton took over as chief executive officer from founder Ryan O'Hare.

Swiftel Ltd was a listed Australian company founded in 2000 by Christopher Gale.[3] It was granted a Telecommunications licence, and took control of Roebuck Resources, a listed speculative mining investment company, by reverse takeover.[4] At the time of its takeover by People Telecom, it had a growing data telecom business, but was under-capitalized for rapid expansion.

People Telecom was acquired by M2 Group in December 2008.[5] M2 Group merged with Vocus Communications on 22 February 2016 in a merger worth AU$3.75 billion.[6]

External links

Notes and References

  1. http://everything.explained.at/People_Telecom/ People Telecom Explained
  2. http://www.arnnet.com.au/article/122503/swiftel_plans_future_people/ Swiftel plans future with People
  3. http://www.archive.dcita.gov.au/__data/assets/word_doc/0012/10425/swiftel_idp_ps.doc Industry Development Plan Swiftel Pty Ltd
  4. http://www.miningandexploration.com.au/Companies/NewsMar00.html Roebuck Resources (23 March 2000)
  5. https://www.zdnet.com/article/m2-acquires-people-telecom-for-17m/ M2 acquires People Telecom for $17m
  6. https://www.wsj.com/articles/vocus-m2-group-plan-merger-1443392845 Vocus, M2 Group Plan Merger