Alternative Australian broadband provider iiNet has confirmed the purchase of rival operator TransACT, less than a week after reports that the two had entered the final stages of a deal. According to iTnews, iiNet will spend AUD60 million (USD60 million) on the acquisition of the Canberra-based provider, and the deal is expected to be completed by the end of this month. Once finalised, iiNet will gain around 40,000 additional subscribers, as well as major infrastructure elements, including a hybrid-fibre coaxial (HFC) network in Victoria and fibre-to-the-premises (FTTP) networks at a number of Canberra housing estates.
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OVETEL iiNet confirms TransACT acquisition
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