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Vodafone buys iiNet's NZ business
1points
Mobile carrier Vodafone has bought the ihug-branded New Zealand operations of telco iiNet for AU$36 million. iiNet had been looking to sell the business since July this year. The company is understood to have rejected NZ$30 million (AU$26.5 million) and NZ$36 million (AU$31.8 million) offers from NZ Internet service providers Orcon and Compass Communications respectively, with state-owned company Transmission Holdings understood to be one of the last bidders also in the race.
Source: http://www.zdnet.com.au/news/communications/soa/Vodafone_buy…
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