Feeds

iiNet swallows Internode a month early

Didn’t touch the sides

Remote control for virtualized 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. ®

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.