misi
Growing Little Guru
http://www.zdnet.com.au/iinet-to-buy-internode-339328517.htm
iiNet has announced that it will acquire rival South Australian internet service provider (ISP) Internode for $105 million.
Michael Malone leaves no mountain unscaled.
(Credit: iiNet)
The company announced the acquisition in a press release ahead of a conference call with journalists at 4.30pm today.
iiNet CEO Michael Malone said that the acquisition of the company, which was founded by Simon Hackett, would allow iiNet, already the number-two DSL broadband provider, to grow into South Australia, and further in eastern states.
iiNet's chief executive officer, Michael Malone, said that the acquisition strengthens the company's position as the leading challenger brand and "the new number-two provider" of DSL broadband.
"Internode is a successful company with an impressive reputation," said Malone in a statement. "The two companies are clearly a good fit with their strong cultural alignment, industry-leading customer service and shared commitment to innovation."
