iiNet Is Buying Internode

They're the two of Gizmodo readers' favourite ISPs — but soon they will be one. iiNet is buying Internode in a $105 million deal.

The deal is expected to be completed by the end of February. iiNet has maintained some of its other acquired brands — Westnet and Netspace being the clear examples — and Internode will also continue as a separate business unit. "Off-net" customers — those using a service wholesaled from Telstra — will be migrated to the iiNet network. Apparently that covers 15,000 of Internode's 190,000 customers.

There's a press conference at 1630 today and we'll run all the in-depth news after that.

UPDATE: How The iiNet Deal Affects Internode Customers

• Internode and its sister company Agile will continue to operate as separate business units within the iiNet group, retaining their current staff and offices.

• The current management team, including founder Simon Hackett (pictured right) , are all continuing with Internode

• Mr. Hackett has accepted an offer that includes granting him a 7.5 per cent equity stake in the iiNet group.

iiNet is purchasing 100 per cent of the shares in both Internode and Agile. Internode and Agile will continue to operate as separate business units within the group, retaining their current staff and offices. The current management team, including founder Simon Hackett, are all continuing with the company group.

All of our customer services and the quality of care from our dedicated and friendly staff members will continue. With access to larger ADSL2+ coverage of the iiNet group (who use the same DSL equipment as Internode), customers can look forward to a dramatic increase in the geographic reach of our flagship ‘Easy Broadband ADSL2+’ and fetchtv services.

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