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Amaysim gets into broadband to take advantage of NBN disruption

The budget telco provider is putting down up to AU$4 million in a deal to acquire service provider AusBBS to help itself get into the broadband game.


Last year, Amaysim launched its first 4G service for mobile users. Now, the budget telco is getting into the broadband game.

Announcing the news on Tuesday, Amaysim is providing home internet to take advantage of the NBN's growing and disruption of the market in the coming years.

No pricing or availability was noted, but Amaysim did say that its fixed-line broadband service would come "later this calendar year".

To get its network up and running, the company put down AU$4 million to buy ADSL and NBN service provider AusBBS.

"It is logical for Amaysim to enter the broadband market in the next 12 months to take advantage of the likely consumer switching behaviour that will stem from the continued NBN rollout," said Amaysim CEO Julian Ogrin.

"Acquiring AusBBS' technology platform is a great way for us to accelerate our broadband strategy, become even ore relevant in data-hungry Australian households and bring our 'less hassles' approach to broadband"

At present, AusBBS offers internet for as low as AU$35 monthly.

Correction, Wednesday 2:07 p.m. AEST: The total acquisition cost is AU$4 million, not AU$5.45 million as originally reported.