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The Bastion of Belmont
GEELONG is set to be one of the major beneficiaries from a plan by communications company iiNet to purchase TransACT for $60 million.
The Canberra-based TransACT, which has major fibre cable networks in Geelong, Ballarat and Mildura, said it was looking to grow in regional Victoria as part of the iiNet brand.
TransACT chief executive Ivan Slavich said the deal presented the company with some exciting opportunities.
"Geelong, without question, is a growing market for us and we are investing in that network to provide a service to more customers," Mr Slavich said.
"We are also looking to secure our Geelong network with a redundant loop of our major fibre roll in Geelong, which will improve the service stability in Geelong."
Mr Slavich said the region would be in line to receive IPTV, or on-demand internet protocol television services from TransACT, but no decision had been made on whether to roll out the service the company offers to Canberra customers, or the fetchtv service currently available through iiNet.
The company has recently upgraded its hybrid fibre/coaxial network in Geelong to the superfast "DOCSIS 3" technology, capable of download speeds up to 100Mbps.
"The beauty of DOCSIS 3 is it does give us the bandwidth to provide a multi-cast closed loop TV service so we are looking at our options," Mr Slavich said.
Based in WA, iiNet is reasonably new to Victoria, but offers ADSL2+ services for parts of Geelong.
"This acquisition provides a unique opportunity for iiNet to pick up significant network assets, while increasing its presence in the ACT and regional Victoria," iiNet chief executive Michael Malone said.
There are no plans to change the TransACT branding in the ACT and Victoria and the company moved to reassure its 280 staff in Canberra, Geelong, Ballarat and Mildura, there would be no immediate job losses as a result of the sale.
http://www.geelongadvertiser.com.au/article/2011/11/22/292671_news.html
The Canberra-based TransACT, which has major fibre cable networks in Geelong, Ballarat and Mildura, said it was looking to grow in regional Victoria as part of the iiNet brand.
TransACT chief executive Ivan Slavich said the deal presented the company with some exciting opportunities.
"Geelong, without question, is a growing market for us and we are investing in that network to provide a service to more customers," Mr Slavich said.
"We are also looking to secure our Geelong network with a redundant loop of our major fibre roll in Geelong, which will improve the service stability in Geelong."
Mr Slavich said the region would be in line to receive IPTV, or on-demand internet protocol television services from TransACT, but no decision had been made on whether to roll out the service the company offers to Canberra customers, or the fetchtv service currently available through iiNet.
The company has recently upgraded its hybrid fibre/coaxial network in Geelong to the superfast "DOCSIS 3" technology, capable of download speeds up to 100Mbps.
"The beauty of DOCSIS 3 is it does give us the bandwidth to provide a multi-cast closed loop TV service so we are looking at our options," Mr Slavich said.
Based in WA, iiNet is reasonably new to Victoria, but offers ADSL2+ services for parts of Geelong.
"This acquisition provides a unique opportunity for iiNet to pick up significant network assets, while increasing its presence in the ACT and regional Victoria," iiNet chief executive Michael Malone said.
There are no plans to change the TransACT branding in the ACT and Victoria and the company moved to reassure its 280 staff in Canberra, Geelong, Ballarat and Mildura, there would be no immediate job losses as a result of the sale.
http://www.geelongadvertiser.com.au/article/2011/11/22/292671_news.html
