Feeds

iiNet swallows Internode a month early

Didn’t touch the sides

Combat fraud and increase customer satisfaction

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. ®

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.