Looks like circles.life customers will be migrated to an amaysim plan. No notice on their website.
Circles.Life shutting down
Quarter Pounder on 21/01/2025 - 12:38
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Oh no !!!
Optus buys amaysim. Amaysim is now buying other MVNOs. Take over control of budget providers and raise prices.
That's how the free market works. It goes in cycles.
- Incumbent big players get lazy, overfocus on profits and less on innovation.
- New startups see a gap and decide to challenge the big incumbent players. May potentially go with thinner profits or even a loss to accelerate initial growth.
- Some startups won't work out and go bust. Some startups will work out and will slowly grow to medium size.
- At some point, the incumbent players decide they cannot compete directly because they are too big and slow, but they have the advantage in cash. Result: startups that make it past the initial growth stage and prove to be viable receive offers to buy them out.
- Some startups who believe they can still grow on their own and become even more valuable will decline the offers. Others will accept the money and be absorbed into the big incumbents.
- Once bought, parts of the startup will be discarded, other parts integrated into the big machine. How well or poorly the integration goes is an indication of how much the big incumbent actually respects the startup's innovations.
- Big incumbents get lazy, overfocus on profits, less on innovation and the cycle repeats itself.
It's very rare that a startup will actually grow to the same size as the big incumbents and become what they sought out to destroy.
My point is that as these smaller players get bought out, there may be a period of innovation stagnation, but said stagnation will breed new startups as those gaps increase.
Examples:
86 400 being bought out by NAB and integrated into uBank.
Xinja being a fellow banking startup of 86 400 but deciding to give out high interest for free without corresponding loans to offset for an extended period of time meant they eventually ran out of money.
Jeenee Mobile being bought out by Amaysim.
Amaysim being bought out by Optus.
Vaya being bought out by Amaysim.
This is how it works.
Start a business, get big enough for the big guys to see as a threat. They'll buy you out (hopefully you are now rich) and they screw it up.
I wonder how much of it is winning back customers without letting them know they're on Optus. A good chunk of people left after the data breach, to those people the Optus name will be mud.
Just got the email from Circles.Life. Wondering whether I should just port out before the changeover. At a glance, it doesn't seem like Amaysim plans offer anywhere near the same value.
"Circles Life customers keep the same SIM, mobile number and phone plan stays the same. "
"Only the mobile service supplier is changing for now. Customer's plans will not change immediately, and they will remain on a Circles Life plan. In the coming months you will receive a communication directly from amaysim with an overview of the amaysim plan that best matches their current plan.
I don't want to be on an amaysim plan. Might as well just jump the gun and port out now.
That is months away…
No need to change now.
@mboy: I’m looking at Moose as I need to stay within Optus network post 3G shutdown, are they decent?
@pisang95: Yeah they're great. I've been with them twice before - they do 6 month deals, so I port out after 6 months. I'll probably be porting back to them.
@mboy: Cool beans, will look into porting over at the first sign of price changes. I just got might first bill from Circles after getting their boxing day sales price.
@pisang95: Damn, that's annoying that you just signed up with them. At least I got a good 9 months with them (out of a 12 month offer).
@mboy: I know right, probably should have known something is amiss as the price was quite attractive. With them gone Amaysim has no obligation to honour the rest of the contract term I reckon. Thanks for the advice.
I’m not so sure about that as that sentence is being referred as “right now”, following that it states “Next month, the change of supplier process will be completed. At this time, Circles Life customers will receive information about the amaysim plan that best matches their current Circles Life plan.”
Another one bites the dust.
Circles.Life was probably the worst MVNO I've ever been with. Literally the only time I'd had data connections just fail over and over.
Interesting. Was never my experience in the 2-3 times I was with them. I had no issues with them at all.
Hmm they seemed like 'good guys' but they didnt really have a good low-mid usage plan.
I use about 10gb per month, and with circles I was paying $25 for a 30gb plan, but I wanted something like that except half (e.g. $12.50 for 15gb or something). But their next lowest was something silly like $20 for 4gb. So I basically had to leave for an annual Boost one that worked out to about half the price.Already part way through a yearly Boost atm, but I'm sure one of the cheapy companies will have similar when it's time to renew.
Damn! it's taken an annual chat negotiation, but i've been on 30GB a month for $9.99-$17 for the last three years.
Moose had an offer close to that a few months back, so hopefully they'll put a 'mop up Circles customers' offer up once the likely lame Amaysim replacement plans are announced.
(Base Circles rate of $25 for 30GB could easily be negotiated for monthly $ off discounts to be applied to the account)
In case you're not aware, Moose have a deal right now.
27GB on 5G is $14.80 per month for the first 6 months.
I'm 2nd month of 6 for $10 for 20GB of data. Even though its 4G only. Ive had no issues with Esim either. Hopefully amaysim honour the deal I'm on
same here
Shitty company to deal with quite honestly. Good riddance!
Godspeed
all these mobile and broadband providers are on notice period by Satellite providers. Hopefully may be less than a decade left for Optus/Telstra etc, while Federal govt pour money into nbn backbone which will get outdated soon !!
Catch Connect may be merged to Amaysim as well.