TPG Wants To Buy iiNet For $1.4 Billion

TPG has just announced that it is planning to buy iiNet for a whopping $1.4 billion. That will make the combined entity Australia’s second-largest ISP.

The deal is subject to approval by iiNet shareholders, and voting on that won’t happen until June. But if it does go ahead, the combined customer footprint will be 1.7 million. Telstra, currently Australia’s largest ISP, has 2.8 million fixed data customers.

[related title=”WHAT DOES IT MEAN?” tag=”rubbishfuture” items=”1″]For customers, the big question will be whether iiNet (and its subsidiary brands Internode, Westnet and Adam) will be able to maintain its reputation for excellent customer service. TPG is rather less well regarded in that area. The announcement suggests iiNet will be retained as a “premium” brand, while TPG will be the “value-based” (read: cheap) proposition.

If you’re a customer of either provider, we’d love to hear your thoughts on this in the comments.

The Cheapest NBN 50 Plans

Here are the cheapest plans available for Australia’s most popular NBN speed tier.

At Lifehacker, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.


9 responses to “TPG Wants To Buy iiNet For $1.4 Billion”