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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.
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.
TPG Telecom is the parent company of several Australian internet retail brands including Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. TPG Telecom owns and operates nationwide fixed and mobile network infrastructure, including Australia's second-largest fixed voice and data network, with more than 27,000 kilometres of metropolitan ...
NXE Australia Pty Ltd, trading as the Foxtel Group, is an Australian pay television company that operates cable television, direct broadcast satellite television, and IPTV streaming services.
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.
On 22 December 2011, Western Australian based internet service provider iiNet announced the acquisition of Internode in a deal worth $105 million. [3]In May 2012, [4] it was announced that Simon Hackett's role would change from being the managing director of Internode to become a non-executive board member for iiNet.
Michael Malone and Michael O'Reilly founded iiNet in 1993, starting the business in a suburban garage in Perth, Western Australia as iiNet Technologies Pty Ltd. It began as one of the first Australian Internet Service Providers (ISPs) to offer TCP/IP Internet access, as opposed to the store-and-forward techniques (such as MHSnet ) that were ...
Telstra and Internode have stated that they will not take part in the trial. iiNet has stated that it will take part in the trial only to show that the filtering will not work. Optus has stated that it will only test a heavily cut-down filtering model containing only 1,300 URLs in a limited geographic area, and customers will be allowed to opt out.