TPG's acquisition of iiNet gets green light from ACCC
Australia's competition regulator will not oppose TPG's acquisition of iiNet.
Australia's competition regulator will not oppose TPG's acquisition of iiNet.
The final Federal Court ruling in the court clash between the rights holders of the movie Dallas Buyers Club and a group of ISPs led by iiNet will be handed down on August 14.
In July, customers of ISP iiNet enjoyed the fastest average speeds in Australia when viewing Netflix content, according to the updated ranking released by the video-streaming goliath.
Only Australian Competition and Consumer Commission approval remains as a barrier to TPG's acquisition of iiNet, after iiNet shareholders today voted in favour of the deal.
iiNet has been placed in a trading halt ahead of a vote this morning on the ASX-listed Internet service provider's acquisition by TPG.
iiNet shareholders have moved to snap up an offer of TPG shares ahead of a vote on whether to accept TPG's acquisition offer for the ISP.
iiNet has been awarded a contract to provide Internet access services for almost all Tasmanian government departments for the next two years.
iiNet subsidiary Internode has been awarded a contract to deliver cloud services to the South Australian departments of premier and cabinet, planning, transport and infrastructure (DPTI) and communities and social inclusion (DCSI).
The Federal Court judge presiding over the attempt by Dallas Buyers Club LLC to obtain the personal details of alleged pirates has allowed the release of key documents, including the letter the movie studio wants to send to ISP customers who allegedly downloaded the film.
Despite an attempt by lawyers representing Dallas Buyers Club LLC to keep them confidential, a draft letter and telephone script reveals how the owner of 2013 movie Dallas Buyers Club intends to push for alleged pirates to settle with the company.
Dallas Buyers Club LLC will be forced to submit to the Federal Court the methodology it intends to use to determine how much alleged movie pirates will have to pay to fend off a potential copyright suit.
A meeting of iiNet shareholders will vote next month on whether to accept TPG’s takeover bid, after a Federal Court hearing on Friday afternoon.
The Australian Competition and Consumer Commission is investigating whether TPG's move to acquire iiNet will decrease competition in the retail broadband market.
iiNet subsidiary Westnet has confirmed that it is investigating an alleged database hack.
Dallas Buyers Club LLC has questioned an estimate produced by ISPs of how much it could cost to gather the details of customers linked to a collection of IP addresses. Lawyers representing DBC LLC today also hinted at casting a wider net to catch pirates, potentially opening up other ISPs' customers to court action.