Telecom business divests energy business to AGL

TELECOMMUNICATIONS business Amaysim has sold off its downstream energy business just four years after it first preempted plans for an initial public offer and bought out Click Energy for $120 million.

Telecom business divests energy business to AGL Telecom business divests energy business to AGL Telecom business divests energy business to AGL Telecom business divests energy business to AGL Telecom business divests energy business to AGL

 

The acquisition of Click Energy in 2017 by Amaysim, was seen as part of a broader move by the telecommunications industry to enter into the energy retailing business.