Log in

TPG has announced that it will move to acquire iiNet.

The company announced this morning in a statement issued to the ASX that it would move to acquire the shares in iiNet that it does not already own. Currently TPG owns 6.25 per cent of the ISP.

TPG will pay $8.60 per iiNet share, pegging the value of the transaction at approximately $1.4 billion.

The acquisition will boost TPG's broadband customer base to more than 1.7 million and "delivers scale benefits in an NBN environment," a TPG investor presentation said.

TPG has a "leading value-based offering" while iiNet "offers a more premium, customer service-led offering with award winning products and servcies," the presentation said.

iiNet has 975,000 broadband customers including 60,000 NBN customers. The ISP has more than 2500 staff.

Full Story

In the News

Managed security: a big gamble for Aussie IT providers - CRN - 02 August 2018

TechSci Research estimates the Australian managed security services (MSS) market will grow at a CAGR of more than 15 percent from 2018-23 as a result of the increased uptake of cloud computing and...

Kids, Education and The Future of Work with Dr Joseph Sweeney - Potential Psychology - 25 July 2018

What is the future of work and how do we prepare our kids for it? Are schools and universities setting kids up for future success? Does technology in the classroom improve outcomes for kids? Should...

PageUp starts rebuilding and looks to learn lessons after data breach nightmare - AFR - 27 June 2018

The timing couldn't have been worse for PageUp; two days before Europe's new data protection regime came into force the Melbourne-based online recruitment specialist's security systems detected...

Australia is still in the cyber security dark ages - AFR - 28 June 2018

In terms of cyber security years, Australia is still in the dark ages, a period typified by a lack of records, and diminished understanding and learning. We're only a few months into practising...

AMP does maths on infosec shortage - ITnews - 18th June 2018

Cyber security and risk advisor at analyst firm IBRS, James Turner, said the cyber skills shortage was prompting a wider rethink around the domain in terms of resourcing for the last few years....

Subscribe to IBRS Updates

Invalid Input
Invalid Input
Please enter a valid email address
Please enter your mobile phone number
Invalid Input

Get in-context advice from our experts about your most pressing issues or areas of interest

Make an Inquiry


Already a subscriber?

Login to read your premium content.

        Forgot your password?
Recently Viewed Articles
Related Articles