It is not often a telecommunications merger gets much attention — but customer concern over the bidding war to acquire the Perth-based Internet service provider (ISP), iiNet, has made the potential deal one of the most high profile in Australia in recent years.
To recap the story so far: Two Australian Internet companies are vying to buy iiNet — TPG Telecom and M2 Group. In an indication of how much it wants the company, TPG put A$1.4 billion cash on the table. M2 Group, in an attempt to outbid TPG, laid down a share-based offer of A$1.6 billion (on Tuesday evening, this had decreased to $1.57 billion due to fluctuations in the share price). Read more...
More about Australia, Us World, Iinet, Tpg, and M2
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