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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.
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.
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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 ...
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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 ...
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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.