Feeds

iiNet swallows Internode a month early

Didn’t touch the sides

Secure remote control for conventional and virtual desktops

iiNet has announced that its acquisition of Internode has been completed a month ahead of schedule.

The $AU105 million purchase first announced in December was subject to “administrative conditions” which iiNet says have “now been satisfied” (suggesting, perhaps, that the usual business of trying to work out whether a company’s accounts are actually accurate was easier in Internode’s case than iiNet anticipated).

iiNet CEO Michael Malone says the acquisition has been “well received” both by Internode’s customers and its staff.

Internode founder Simon Hackett was also quick to comment on the process, noting on a Whirlpool forum that the two companies “overachieved (in a good way)”. He also reiterated that for now, the two operations remain at arm’s-length.

Whether Internode remains a separate operation in the long term, Hackett could not guarantee. With a long list of matters still under discussion, he said the completion of the acquisition was “the end of the beginning” rather than the other way around.

The purchase is part of an ongoing consolidation at the upper end of Australia’s Internet services market as the National Broadband Network rolls out. Regardless of the long-term fate of Australia’s hundreds of small retail-only ISPs, the second tier operators no longer see their ability to build and operate DSLAM networks as a market differentiator.

Whether the consolidation remains a good idea in the long term will presumably depend on whether a change of government would see an abandonment of the NBN. Yesterday, opposition leader Tony Abbott reiterated his party’s opposition to the government spending “$AU50 billion” on the project, promising instead to redirect funding to road-building.

Mr Abbott did not explain, and was not asked by the ignorant hand-fed lapdogs that comprise the Canberra press gallery how shifting an off-budget investment to an on-budget spend could be achieved without harming the Federal Government’s financial position. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.