Arguably reaping the benefits of what it called the acquisition of ‘two very attractive and strategically complementary businesses’, TransACT and Internode, alternative Australian broadband provider iiNet has reported what it has called its ‘best ever financial result’. In the year ended 30 June 2012 iiNet generated revenue of AUD831 million (USD857 million), up 19% year-on-year, growth which the operator noted was in part driven by inclusion of five- and seven-month’s worth of revenues from TransACT and Internode respectively.
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OVETEL Acquisitions boost iiNet’s performance in FY2012
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