TPG Telecom to Acquire iiNet to Reach the 2nd Spot in Internet Service

iiNet is set to be taken over by TPG Telecom for $1.4 billion, a move that would uplift the internet service company head to head against Telstra. The announcement came on Friday as TPG Telecom plans to acquire Perth-based iiNet for $8.60 a share.

The acquisition is seen to provide a fixed number of internet subscribers […]