iiNet seeking to be ISP "acquirer of choice"
iiNet has flagged that it intends to continue down the consolidation path, stating its goal to become the “acquirer of choice” in the Australian internet service provider sector.
iiNet has flagged that it intends to continue down the consolidation path, stating its goal to become the “acquirer of choice” in the Australian internet service provider sector.
Eligible Westnet and Netspace customers will be able to churn easily from Optus’ wholesale Unconditioned Local Loop (ULL) network to DSLAMs run by iiNet by the end of the year, according to staff at the Perth-based Internet service provider.
Internet service provider, iiNet’s (ASX:IIN) has recorded revenue growth of 13 per cent to $474 million for the full year to 30 June 2010.
iiNet (ASX: IIN) will shore up business in Victoria and Tasmania, announcing it will buy fellow internet service provider, Netspace. iiNet chief executive officer, Michael Malone, said the company had entered into a binding agreement to acquire Netspace for $40 million as part of the provider’s strategy to increase market share to 15 per cent.
iiNet CEO Michael Malone has thrown cold water on speculation that his company’s acquisition of Netspace is a done deal, saying that an agreement with the ISP may not be made this year, if ever.
The heads of five of Australia’s top Internet and telecommunications companies have joined forces to call for a pro-competitive approach towards the National Broadband Network (NBN).