iiNet has announced that it will acquire rival South Australian internet service provider (ISP) Internode for $105 million.
The acquisition of South Australia-based Internode will add approximately 190,000 broadband subscribers to iiNet's customer base.
iiNet's chief executive officer, Michael Malone, said that the acquisition strengthens the company's position as the leading challenger brand and "the new number-two provider" of DSL broadband.
"Internode is a successful company with an impressive reputation," said Mr Malone in a statement.
"The two companies are clearly a good fit with their strong cultural alignment, industry-leading customer service and shared commitment to innovation."
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Internode will trade as a separate business unit, retaining its brand under the management of founder Simon Hackett and his experienced team.
