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TPG Telecom to buy rival iiNet for A$1.4b
Deal, which will catapult TPG to No 2 position in fixed-line broadband business, could provoke Optus counter offer
Add BT as a preferred sourcePublished Fri, Mar 13, 2015 · 09:50 PM
Sydney
AUSTRALIA'S TPG Telecom Ltd on Friday said it will buy domestic Internet services provider iiNet for A$1.4 billion (S$1.5 billion), in a deal that could provoke a counter offer from larger rival Optus.
The deal, which comes at a time when Australia is rolling out a fast national broadband network at a cost of at least A$30 billion, will catapult TPG to No 2 position in the fixed-line broadband business.
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