TPG-iiNet Snatches Number Two in the Fixed Broadband Market

TPG-iiNet Snatches Number Two in the Fixed Broadband Market

  • March 2015 •
  • 4 pages •
  • Report ID: 2801419 •
  • Format: PDF

This IDC Flash provides an analysis of TPG's acquisition of iiNet, resulting in a firm that surpasses Optus to become the second largest Internet service provider in Australia. TPG is offering to acquire 100% of iiNet for AU$1.4 billion -- a 31% premium above the last trading value before the announcement. The deal has not been finalised but has been recommended by the board of iiNet; the Australian Competition and Consumer Commission (ACCC) is not expected to impede the merger as the combined entity would trail Telstra in the broadband market, allowing for continued domestic competition.