(Telecompaper) Australian telecommunications services group M2 has agreed to acquire New Zealand ISP Call Plus and a related entity 2Talk (collectively called Call Plus) for NZD 250 million. M2 expects the acquisition to contribute in excess of NZD 250 million revenue and NZD 45 million EBITDA in FY16, implying an EBITDA valuation multiple of approximately 5.6 times. Via the Call Plus acquisition, M2 expects to expand its existing New Zealand business to become the third largest ISP on the local market.