TPG makes bid for iiNet

TPG has made a bid for its west coast rival, to cement its position as the number two broadband provider to Telstra.

Since TPG Telecom bought its 6% stake in iiNet in 2011 it has no doubt been waiting for the right moment to pounce – and now it’s sensed an opportunity, following the departure of iiNet’s founder and chief executive Michael Malone in March last year and a 20% fall in iiNet’s share price since December due to a deteriorating earnings outlook.

TPG has offered $8.60 (plus div) for iiNet

Deal makes sense; subject to ACCC review

Maintaining Hold on both stocks

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles