iiNet founder Michael Malone to join Yatango board
Michel Malone, the founder of Internet service provider iiNet, is slated for a seat on the board of Yatango, the company announced this morning.
Michel Malone, the founder of Internet service provider iiNet, is slated for a seat on the board of Yatango, the company announced this morning.
The certainty of the revised TPG offer for Internet service provider iiNet was a key factor in the ISP’s board recommending it over a competing offer from M2, according to iiNet chairperson Michael Smith.
iiNet and the other Internet service providers will have to pay the majority of the costs related to court proceedings involving Dallas Buyers Club LLC.
The board of Internet service provider iiNet confirmed this morning that it supported a revised acquisition offer by TPG.
The board of Internet service provider iiNet has formally offered TPG the opportunity to submit a counter-bid to M2’s acquisition offer.
The potential acquisition of iiNet would be an "opportunity to bring two great businesses together," the CEO of M2, Geoff Horth, said this morning.
M2 this morning confirmed that it is seeking to acquire iiNet. The move puts the telco in direct competition with TPG to acquire the ISP.
Internet service provider iiNet has argued that the cost of complying with proposed anti-piracy legislation should be borne by copyright holders who want websites blocked, not telcos.
Dallas Buyers Club LLC and a group of ISPs, including iiNet and a number of its subsidiaries, were this morning back in court as the judge presiding over the legal wrangle prepares to make orders on costs.
Telco industry body Communications Alliance has unveiled its ‘three strikes’ industry code for Internet service providers, submitting the code for registration by the Australian Communications and Media Authority (ACMA).
iiNet has greeted a court ruling today as a “positive result” that will ensure the rights of its customers are protected.
iiNet, along with Dodo, Wideband Networks, Amnet and iiNet wholly owned subsidiaries Adam Internet and Internode, has lost an attempt to block a motion for preliminary discovery brought by the rights holders of 2013 movie Dallas Buyers Club.
The Australian Competition and Consumer Commission is seeking comment on the potential impact on competition that TPG's acquisition of iiNet will have.
As it prepares to consume iiNet, TPG has revealed strong growth in its broadband business for the six months ending 31 January 2015.
Directors on the iiNet board defended the ISP’s proposed acquisition by TPG in conference calls today with investors and media.