iiNet takeover not over yet ... But it has lit a fuse

Merger activity has a long way to go in the buzzing telecom sector.

Summary: TPG’s all-cash bid for iiNet features a solid price and the target’s balance sheet has valuable franking credits that could be used to sweeten the deal. But shareholders are waiting for the ACCC to give the takeover the green light. More telco merger activity is likely over the next 12 to 24 months.

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