Random Ramblings
Thoughts on iiNet eating Internode
December 25, 2011 at 10:00 AM | categories: opinionWell, the news just in seems to be that my ISP (Internode) is now no longer the largest privately held ISP in Australia (and 4th largest overall). From the end of February it will be part of the iiBorg, making it part of the 2nd largest ADSL conglomerate in Australia.
There has been a lot of doom and gloom from Whirlpool, but I don't think its going to be all bad.
- Simon Hackett has talked about Internodes growth plateauing
- Simon has also talked about the NBN being favourable to big players, (see for example his post on why multiple pois are bad)
- Hackett and Malone are friends (As mentioned in this article by The Australian)
- Both have been running ISPs for ~20 years, and known each other the whole time
- Hackett is now an owner of around 7% of iiNet shares, so has some weight when it comes to decision making
- Hackett having 7% of iiNet makes it harder for TPG to buy more of iinet
- Finally, Hackett gets to have his cake and eat it