iiNet to acquire Internode

Discussion in 'Networking, Telephony & Internet' started by Agg, Dec 22, 2011.

  1. figrin

    figrin Member

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    This acquisition was so obvious it was just a question of when not if.

    ISP space is still a little too crowded. A couple more mergers will happen before long.
     
  2. itsmydamnation

    itsmydamnation Member

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    no they weren't, not even close...............

    that doesn't actually mean anything,

    Internode is still here, there ABN is still valid, they are still a registered company, it just means its not owned by simon.

    Edit by SLATYE: attacking people will get you banned.
     
    Last edited by a moderator: Dec 22, 2011
  3. Duideka

    Duideka Member

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    You sure about that? TPG have much, much more finances available than iiNet.
     
  4. OldnBold

    OldnBold Member

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    http://www.canberratimes.com.au/news/local/news/general/transact-sold-to-top-it-company/2365904.aspx

    hmm Transact has always been owned by ACTEWAGL until IINET bought them.

    Their ABN is not valid, it will show it is owned by IINET. They are no longer a registered company in their own right. Just in case you do not believe me which is probably the case:

    http://www.search.asic.gov.au/cgi-bin/gns030c?state_number=BN04053266&juris=5&hdtext=SA&srchsrc=1
     
    Last edited by a moderator: Dec 23, 2011
  5. HumbleBum

    HumbleBum Member

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    Yup. I am pretty sure on that one.
     
  6. OldnBold

    OldnBold Member

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    You are absolutely correct TPG is a far bigger company than IINET. (I should state that TPG's parent company is far bigger than IINET)
     
    Last edited: Dec 22, 2011
  7. Paul Warren

    Paul Warren Member

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    This is a very good acquisitions for iiNet, and probably a very cheap one too.

    Internode should have sold out last year though, when the grass was much greener.

    In relation to Simon Hackett; the guy is a true broadband pioneer in Australia and deserves all the kudo's he gets.

    He's put his life and soul into Internode, it's probably about time he gets to enjoy the fruits of his lifes labours.

    ... Give me a few more years (less than Simon) and I'll let someone else snap us up too -> This industry is a drainer.
     
  8. HumbleBum

    HumbleBum Member

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    According to the ASX, @ The AGM, TPG turned over $574m last year in rev.. iiNet, turned over $699m..

    Ill back iiNet, especially if I was investing.
     
  9. OldnBold

    OldnBold Member

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    who owns TPG?
     
  10. Paul Warren

    Paul Warren Member

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    OldnBold is right, when he stated TPG is larger; much larger.

    TPG is going to be the ISP to watch in the future in my opinion.

    They provide; what the majority of Australian's want out of a broadband service, better than iiNet does.

    And that is: A Broadband Service that is Cheap, & Works/Most of the time.

    Up selling and bundling like iiNet do, is not as good as just being straight out 'cheap' like TPG.
     
  11. DavidRa

    DavidRa Member

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    It's not quite that cut and dried. A lot will depend on the levels of debt held by each company (and thus the relative net size) as well as the returns generated each year.

    As an example, which of the following is the takeover target:
    1. Company A, with assets of $1.2B and outstanding debt of $850M, returning $50M on sales of $2B per annum
    2. Company B, with assets of $700M and outstanding debt of $50M, returning $250M on sales of $900M per annum
    I'd suggest it's Company A! It's underperforming, probably has high costs (debt) and is ripe for a cleanout of the dead wood.
     
  12. OldnBold

    OldnBold Member

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    Thanks Paul .. they are a much larger company than IINET (TPG that is).
     
  13. HumbleBum

    HumbleBum Member

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    Please show me how, based on the numbers, revenue, debt, and roi, iiNet are a larger organisation.
     
  14. vellanet

    vellanet Member

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    I worked at TPG for 10 years, I know if I drive past TPG HQ late at night and I see a certain office light on, something interesting is cooking ;)
     
  15. OldnBold

    OldnBold Member

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    I said TPG were a far larger organisation than IINET .. do you want me to show you how large?
     
  16. CM96

    CM96 Member

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    Oh wow. I go to work and this happens. It has been fairly obvious something has been going down for a while now, and yet here we are.

    I've pretty much had it with Internode anyway so I'm not as shattered as some. The only thing I'll miss will probably be connection reliability and games.on.net servers and umetered content, along with the circus that is Hackett's "stick it to the man" attitude with Telstra :rolleyes:
     
  17. HumbleBum

    HumbleBum Member

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    Yes I do, because your not making sense.. :Paranoid:
     
  18. Quan-Time

    Quan-Time Member

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    couldnt have put it better. 10 years on inode. Ready for the move. Almost did it 6 months back but they cut me a good deal. When contract is up, im going $$$ shopping. ie: not in it for the service, i just want the cheapest deal.
     
  19. OldnBold

    OldnBold Member

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  20. DavidRa

    DavidRa Member

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    Last edited: Dec 22, 2011

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