WA-based iiNet has agreed to buy Adelaide's Adam Internet operation for $60 million.
Adam Internet has about 70,000 broadband subscribers, most in South Australia and the Northern Territory. This will take iiNet's total customer base to more than 900,000 broadband subscribers; it will also score a range of key South Australian business and government clients consuming datacentre, hosting and cloud services, iiNet said yesterday.
IiNet has previously acquired another Adelaide-based ISP, Internode, which continues to operate as a separate entity under founder/CEO Simon Hackett. It paid $105 million for Internode in December 2011.
It claims to be Australia's second largest ISP, with a claimed 1.7 million broadband, telephony and IPTV services nationwide.