Mobile-Tower-Acutions

Australia Internet Provider iiNet Could Face $1 bln Bidding War

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Australian telecommunications firm M2 Group Ltd said it proposed to buy Internet service provider iiNet Ltd for A$1.6 billion ($1.3 billion), trumping an approach by rival TPG Telecom Ltd and raising the prospect of a bidding war.

Buying Perth-based iiNet, which has about 1 million subscribers, will help either company become Australia’s second largest internet provider after market leader Telstra Corp Ltd . Click here for full post

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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