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iiNet was founded in 1993 by Michael Malone and Michael O'Reilly, who started the business in a suburban garage in Perth as iiNet Technologies. It began as one of the first Australian ISPs to offer TCP/IP Internet access [citation needed], as opposed to the store-and-forward techniques (such as MHSnet) that were then in use at other ISPs.
In March 2015 iiNet was bought by TPG in a $1.4 billion deal, effectively making TPG the parent company of Westnet. [ 2 ] In December 2023, Westnet announced that it would cease accepting new customers to the Westnet brand, and that all existing residential Westnet customers will be migrated to the iiNet brand.
On 13 March 2015, TPG advised of its intent to take over Australia's third Largest ISP iiNet at A$8.60 per share, giving a value of $1.4 billion. [17] TPG offered $8.60 per iiNet share, on top of the entitlement to the already-declared 10.5-cent interim dividend, valuing iiNet at about 21 times its underlying net profit for 2014.
Originally, it was only available on iPad, but from 20 February 2013 it was also available on iPhone, and later on Mac, Windows PC and selected Android devices. Foxtel Go was launched after the success of its London 2012 app, which simulcast 8 live high definition channels that were also offered on the standard Foxtel service.
Internode Pty Ltd was an Australian Internet service provider (ISP) that provided NBN broadband services, business-class broadband access, web hosting, co-location, Voice over IP, and a variety of related services.
What Happened? Some blame Chipotle and the pandemic. As fast-casual eateries have dug into TGI Fridays market share, the pandemic caused shutdowns, and customers were leery of eating in a sit down ...
Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.
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