iiNet

iiNet Ltd acquires Netspace for $40 million

iiNet Ltd acquires Netspace for $40 million

Inter service provider, iiNet Limited has announced that it has acquired Netspace under a binding agreement worth $40 million.

Netspace is an internet and fixed telephone services provider based in Melbourne with a customer base of over 80,000. The deal will make iiNet the leading player in the Australian telecommunications market. The deal will be funded through a 100% debt component, indicated the company on Monday.