iiNet completes Internode takeover a month early

iiNet have completed their $105 million takeover of Internode a month earlier than originally anticipated. In typical fashion, Internode managing director Simon Hackett announced the completion of the deal in a post on the telecommunications website Whirlpool. The takeover, originally announced in late December, sees iiNet acquire Internode’s 260,000 active subscribers, in exchange for Hackett gaining 7.5% […]

Andrew Sadauskas 01 February, 2012

iiNet have completed their $105 million takeover of Internode a month earlier than originally anticipated.

In typical fashion, Internode managing director Simon Hackett announced the completion of the deal in a post on the telecommunications website Whirlpool.

The takeover, originally announced in late December, sees iiNet acquire Internode’s 260,000 active subscribers, in exchange for Hackett gaining 7.5% ownership of the combined company.

Internode will continue to operate as a separate entity, with any further integration yet to be announced.