amaysim Australia (ASX:AYS) has sold its mobile business to its long-term strategic wholesale partner, Optus Mobile Pty.
The Share Sale Agreement was announced on 2 November for all cash consideration of $250 million.
Following the completion of the sale, the takeover offer from Wilson Asset Management (WAM) is set to open to shareholders on Tuesday.
Shares in amaysim Australia (ASX:AYS)
are trading flat at 76 cents.