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iiNet Steps In To Buy Adam Internet

After Telstra screwed the proverbial market pooch on its acquisition of Adam Internet, iiNet has now swooped in on the regional ISP to acquire it for a sum of $60 million.

Adam Internet currently has 70,000 broadband subscribers in the Northern Territory and South Australia, and the acquisition of the ISP brings iiNet’s total customer numbers up to 900,000.

The ACCC has already cleared the acquisition of Adam by iiNet, but other structural and procedural hurdles still need to be adhered to. iiNet expects the deal to be completed by 31 August.

Are you an Adam Internet customer? What do you think? [Lifehacker]


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