Displaying items by tag: iiNet

ISPs want the owners of the Dallas Buyers Club movie to pay $108,000 but Justice Nye claims it’s a bit much, while DBC’s owners target other ISPs.

Broadband provider iiNet has said it is working with a law firm to offer free legal advice to customers who receive a warning letter or speculative invoice from the copyright holders of the Dallas Buyers Club movie.

The bidding war for iiNet may not yet be done and dusted, even after TPG yesterday upped its offer to $1.56 billion to trump the other iiNet suitor, M2. Now the market waits to see whether M2 will come back to the table yet again with an increased offer.

Justice Nye Perram of the Federal Court has issued his latest decision on the case, which talks costs and that infamous letter now coming very soon.

TPG has upped its offer in the bidding war for iiNet to $1.56 billon, with the board of iiNet accepting the improved offer of cash or scrip over a competing offer by M2.

The TPG empire is striking back against M2’s bid for iiNet while raising its ownership of Amcom to 19.9% in news that will go public this morning.

The takeover war for control of broadband provider iiNet took another twist today, with bidder TPG given three days to put in a counter bid to the $1.85 billion offer from fast-growing ASX listed telco M2 Group (ASX:MTU).

Fast growing ASX listed telco M2 Group (ASX:MTU) has thrown a spanner in the works of TPG’s $1.5 billion cash bid to buy number three broadband provider iiNet with what looks to be a sensational $1.85 billion counter offer combining scrip in the merged company plus a cash bonus to shareholders. Early indications are that the market likes the proposed M2 deal a lot better than the TPG offer.

This month, a total of 21,000 premises in Sydney, Melbourne, Toowoomba, Adelaide's Southern Vales area, Perth and Townsville will reach the NBN deadline for transitioning from copper to fibre, including 11,300 in NSW.

The Honourable Justice Perram will order iiNet and associated ISPs to divulge the names and physical addresses of customers associated with each of the 4,726 IP addresses.

Complaints against Australia’s telcos by consumers decreased for the fourth consecutive quarter in 2014, with complaints to the industry watchdog at their lowest since 2007.

More and more business customers want to access free, convenient Wi-Fi while shopping or doing business – if only to do in-store research.

As he fights against TPG’s takeover of iiNet, the company he founded, Michael Malone has predicted that is only the first step in a wider industry consolidation, tipping that Vodafone Hutchison Australia will be next to be swallowed.

AS the battle over the sale of iiNet to TPG gets ugly, TPG’s CEO has offered to meet with the most vocal critic of the deal, iiNet founder Michael Malone.

Is Michael Malone bothered about how much TPG will pay for iiNet? Or is the founder of one of the better ISPs in Australia more concerned about his creation going downhill in terms of service and reputation?

TPG’s proposed acquisition of iiNet is still subject to a shareholder vote. A majority in favour is not assured, with iiNet’s founder now coming out against the deal.

The sale of iiNet to TPG is being greeted by business people and analysts as though it is the equivalent of the second coming.

TPG and iiNet are recommending the transaction which will see TPG buy the other 93.75% of iiNet shares it does not already own, with iiNet shareholders to get $8.60 per share.

iiNet meets Netflix to flick off pesky broadband usage quotas from day one of Netflix’s Australia/NZ launch on 24 March 2015.

ISP iiNet has paid penalties of $204,000 to the Australian Competition and Consumer Commission for breaching consumer law with recent advertisements for its Naked Broadband 250GB Plan.