[AusNOG] TPG acquires iiNet

[Brad Peczka]

It looks like there's resentment around the deal from a number of shareholders as well, who seem less than enamoured with the cloak-and-dagger manner by which it was negotiated and announced:

http://www.watoday.com.au/business/iinet-shareholder-says-tpg-bid-price-absurd-20150320-1m364j.html

While I don't think the shareholders will be able to scuttle the bid, it might provide food for thought for the ACCC.

Regards,
-Brad.
________________________________________
From: AusNOG [ausnog-bounces at lists.ausnog.net] On Behalf Of Ernie [ernie at info.eis.net.au]
Sent: Saturday, 14 March 2015 2:43 AM
To: ausnog at lists.ausnog.net
Subject: Re: [AusNOG] TPG acquires iiNet

I am actually worried that TPG are buying up too much competition, the ACCC
have been quiet.


- Ernie.


[ Charset UTF-8 unsupported, converting... ]
> Sadly I would have to cite the TPG - AAPT takeover.
> AAPT was a profitable brand with excellent support and local staffing, but
> TPG wanted to make it significantly more profitable by destroying the
> customer service.
>
> I fear the same for iiNet :(
>
>
> - Bob
>
> On 13 March 2015 at 10:20, Nick Stallman <nick at agentpoint.com> wrote:
>
> >  I haven't seen anywhere saying that TPG will change the business at all.
> > Why can't they keep iiNet as a premium brand with onshore support?
> > Then they'd probably still be able to pass on cost savings to iiNet
> > customers due to economy of scale.
> >
> > Although TPG's support must have improved at some point as when I got NBN
> > a month ago they were excellent, ringing me proactively an hour after an
> > appointment was missed and checking up afterwards as well.
> > Sure its offshore but I could actually understand them which is quite nice.
> >
> >
> > On 13/03/15 09:20, Joseph Goldman wrote:
> >
> > When does the ACCC step in and consider TPG amassing a monopoly? Are we
> > far off?
> >
> > Also - for a lot of providers this 'could' be good news. TPG are quickly
> > having the reputation of diminishing the brands they purchase through cost
> > cutting measures. ISP's like iiNet were prided on local support etc, this
> > could see a mass of users soon looking for a new ISP with local support, if
> > TPG follow their trends.
> >
> > On 13/03/15 09:11, Andrew Yager wrote:
> >
> > For those of you who have been living under a rock (like me) you may have
> > missed the news... TPG has acquired iiNet for 1.4 billion.
> >
> >  http://mobile.crn.com.au/Article.aspx?CIID=401594&type=News
> >
> >  Fun times for the industry with one less big player...
> >
> >  Andrew
> >
> > Sent from my mobile device
> >
> >
> >
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