ARN

iiNet acquires TransACT for $60 million

Sale of the Canberra-based ISP due to be completed by November 30

Perth-based ISP, iiNet, has acquired TransACT, for $60 million.

TransACT, an ISP, is based in Canberra but provides home phone and broadband services mainly in the ACT and Victoria.

It specialises in offering bundled Internet, home phone and utility services due to its close ties with energy and water supplier, ActewAGL.

Speculation was rife on the acquisition which was expected to be announced last Friday.

The purchase will bring iiNet “significant network assets” as well as increase the ISP’s presence in the ACT and Victoria. iiNet also cited strong financials and low churn rates as reasons for buying TransACT.

The sale is due to be completed by November 30.

“This move will also accelerate our penetration into the small business, corporate and government sectors, a key strategic focus for us,” iiNet chief, Michael Malone, said in a statement.

iiNet has been on the acquisition trail for some time, buying up smaller ISPs such as Westnet and Netspace.

TransACT stressed while it is being snapped up by iiNet, the company will continue to provide good service to customers.

ACT utility supplier, ActewAGL formed TransACT in 2000 as an open access wholesale service provider. The ISP currently has 10 retail ISPs operating on its network.

It currently has 40,000 customers on its national network.

More to follow.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: ACT, AGL, etwork, iiNet, Netspace

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: ActeWAGL, broadband, iinet, isp, mobile solutions, mobility, netspace, telco, telecommunications, TransAct, westnet
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/392_kodak-i2000-series-scanner-add-a-smart-touch-t
ACA Pacific

Kodak i2000 Series Scanner - Add a Smart Touch to your office.

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.