Australia-based telecoms service provider M2 Telecommunications is close to signing a mobile virtual network operator (MVNO) agreement with Vodafone, which would allow it to enter the New Zealand mobile market. An announcement on the wholesale deal is expected within the next few days. ASX-listed M2 Telecommunications has experience as a mobile wholesaler in the Ozzie market where it uses Optus’ 3G network to offer wireless services to its Australian subscribers. M2, which exclusively targets the small and medium enterprise market (SME), expects to launch a mobile service in New Zealand this October. It is understood it intends to take over management of Vodafone’s relationship with other wholesale customers such as Compass and Orcon, drawing on its experience with Australian telco Optus, reports the New Zealand Herald.