The competition watchdog has flagged a public inquiry into the proposed takeover of iiNet by TPG Telecom, a move that would create Australia's second-biggest fixed-line telecommunications company after Telstra.
TPG Telecom on Friday said it will acquire the Perth-based telco for $8.60 a share, in a friendly transaction that values iiNet at $1.4 billion.
http://www.smh.com.au/business/tpg-tele … 42vm9.html
Well this seems surprising. iiNet has long been the ISP with the best reputation and service around Australia, so this seems concerning for whatever changes could be made in the future to alter its direction/services.
What are your thoughts on this?