[AusNOG] TPG acquires iiNet [SEC=UNCLASSIFIED]

[John Lindsay]

The Senator seems to be forgetting M2, a similar size business to iiNet (owning brands like iPrimus and Dodo) and Exetel as the two other sizeable independent ISPs.

John Lindsay
johnslindsay at mac.com
+61403577711

> On 13 Mar 2015, at 1:48 pm, Brad Peczka <brad at bradpeczka.com> wrote:
> 
> Looks like Scott Ludlam is on the ball, as usual: https://twitter.com/SenatorLudlam/status/576219874743058432/photo/1
> 
> Regards,
> -Brad.
> ________________________________________
> From: AusNOG [ausnog-bounces at lists.ausnog.net] On Behalf Of Guy Ellis [guy at traverse.com.au]
> Sent: Friday, 13 March 2015 10:29 AM
> To: ausnog at lists.ausnog.net
> Subject: Re: [AusNOG] TPG acquires iiNet [SEC=UNCLASSIFIED]
> 
> http://www.asx.com.au/asx/research/company.do#!/IIN
> 
> Scroll down to the announcements.
> 
> On 13/03/2015 1:25 PM, Kai wrote:
>> I'm inclined to focus more on the ASX information than anything I see in the media.
>> Are we likely to see an official statement today? or probably Monday?
>> 
>> ----- Original Message -----
>> From: "Anthony Moore"
>> To:"Sam Wilson" , "Chris Chaundy"
>> Cc:"ausnog at lists.ausnog.net"
>> Sent:Fri, 13 Mar 2015 12:50:42 +1100
>> Subject:Re: [AusNOG] TPG acquires iiNet [SEC=UNCLASSIFIED]
>> 
>>  Hi All,
>> 
>>  According to the article in the ABC,
>> http://www.abc.net.au/news/2015-03-13/tpg-to-buy-iinet-in-takeover-deal/6312910
>> :
>> 
>>  -----
>> 
>>  Thus the deal will merge two of Australia's largest internet service
>> providers, with over 1.7 million broadband subscribers combined, and
>> will need approval from the Australian Competition and Consumer
>> Commission to go ahead.
>> 
>>  "The ACCC will commence a public review after receiving a submission
>> from the parties," the regulator said in a statement.
>> 
>>  "The ACCC reviews mergers and acquisitions which have the potential
>> to raise concerns under the Competition and Consumer Act 2010 (CCA).
>> 
>>  "The CCA prohibits acquisitions that would have the effect, or be
>> likely to have the effect, of substantially lessening competition in a
>> market."
>> 
>>  -----
>> 
>>  Anthony
>> 
>>  -----Original Message-----
>>  From: AusNOG [mailto:ausnog-bounces at lists.ausnog.net] On Behalf Of
>> Sam Wilson
>>  Sent: Friday, 13 March 2015 9:55 AM
>>  To: Chris Chaundy
>>  Cc: ausnog at lists.ausnog.net
>>  Subject: Re: [AusNOG] TPG acquires iiNet
>> 
>>  From the ASX paperwork [1];
>> 
>>  "Limited conditionality: the Scheme is subject only to limited
>> conditionality, and is not subject to finance nor due diligence."
>> 
>>  Ultimately, I guess that means short of ACCC it is as good as done.
>> 
>>  1 - http://www.asx.com.au/asxpdf/20150313/pdf/42x7skx29vmnvt.pdf
>> 
>>  On Fri, Mar 13, 2015 at 8:42 AM, Chris Chaundy  wrote:
>> 
>>  Not if the ACCC says "no".
>> 
>>  Sent from my iPhone
>> 
>>  On 13 Mar 2015, at 09:37, Noel Butler  wrote:
>> 
>>  Correct, but since the iinet board has unanimously accepted TPG's
>> offer, its only a matter of paperwork now, so its as good as done
>> deal.
>> 
>>  On 13/03/2015 08:33, Peter Lawler wrote:
>> 
>>  On 13/03/15 09:11, Andrew Yager wrote:
>> 
>>  TPG has acquired iiNet
>> 
>>  I think you'll find that this is a proposal and has not actually
>>  happened yet.
>> 
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> 
> 
> --
> Guy Ellis
> guy at traverse.com.au
> www.traverse.com.au
> T: +61 3 9386 4435 M: +61 419 398 234
> 
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