[AusNOG] iiNet to Acquire Internode

Bevan Slattery Bevan.Slattery at nextdc.com
Fri Dec 23 02:06:00 EST 2011


Notice people on the list saying it was a surprise.  There was/is only one natural acquirer for Internode and it was iiNet.  With TPG's creep on the iiNet share register there was a very real risk Internode's only natural acquirer itself would be taken off the market. With Simon's commentary as to his reasons in the media meant that if he was to exit for said reasons there was rapidly closing window of opportunity to exit.  And exit he did.  Timed to perfection.

Well done to Simon and MM.  This is a marriage we all knew would happen, perhaps about 10 years later than originally expected :)  I'd like to say a massive thank you to Simon and his management team at Internode (particularly JSL, Daryl, Pat and Shaun), to many of the current and previous tech guru's (think MMC, Mark, Daryl etc.) for their contribution to this industry and supporting so many others, particularly competitive infrastructure players and not just PIPE,  but ETSA, Nextgen, Amcom etc..

It is the end of another era.

Cheers

[b]

PS:  I think MM should send the guys at TPG a Christmas card
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