Red Bull Mobile is no longer accepting new customers and will eventually close.
The Vodafone mobile virtual network operator (MVNO) has published a notice on its Web site announcing the closure.
Consumers will no longer be able to purchase new pre-paid or post-paid tariff plans from the company, but Red Bull Mobile will "continue to service existing customers" until their current recharge or contract expires.
"With the prevalence of 'open' mobile platforms in Australia, Red Bull is taking this opportunity to focus its marketing efforts on existing and future digital assets to allow an even greater number of consumers to access the World of Red Bull through their own mobile device," read the statement.
"Red Bull MOBILE will continue to service existing customers until the customer's current recharge or contract expires."
Red Bull Mobile confirmed that current customers will still be able to access Red Bull content until their contract or recharge expires.
Late last year, the company added a new Access 365 monthly post-paid plan to its mobile network that at the time claimed to offer the most competitive rate in the Australian market.
The plan included unlimited calls, unlimited SMS and MMS messages and 5GB of data per month for $30 on a 12 month contract.
Red Bull Mobile sold handsets and plans online, and through EB Games retail stores across the country.
Sign up for CIO Asia eNewsletters.