The third- and fifth-largest Australian broadband ISPs are set to merge following the announcement that Perth-based iiNet will acquire Adelaide-based Internode for AUD105 million (USD106 million) in a deal expected to be completed by the end of February 2012. The consolidation of privately-owned Internode would give iiNet an additional 260,000 subscribers including 190,000 broadband connections, and a further 36 DSLAM network exchanges, largely in South Australia and on the Eastern seaboard, writes ITNews.com. If completed, the deal will give iiNet a total of around 900,000 broadband customers, or around 16% of the market, to challenge rival SingTel Optus, which lies in second place in the sector behind incumbent PSTN operator Telstra.
Read the article:
OVETEL iiNet and Internode are two ISPs in a pod
No comments:
Post a Comment