Bidding heats up for iiNet

James Marlay

Livewire Markets

A new dynamic is playing out in the battle to become Australia's second largest provider with M2 reportedly (via AFR (VIEW LINK) entering the bidding war. The report says M2 has made a $1.5billion 'all scrip' offer for iiNet - a decent premium to the TPG offer of $1.4billion. "M2's entry into the race for iiNet is likely to surprise some analysts and investors who thought the acquisitive Melbourne-based company had ruled itself out by buying New Zealand's Call Plus Group for $250 million a fortnight ago... Credit Suisse analysts have previously said M2 stood out as the party most likely to create a bidding war for iiNet..." There could be further bidders still to emerge. Chris Stott from Wilson Asset Management says in a recent article ((VIEW LINK) that Optus is an unknown quantity. "The great unknown is Optus – a question mark hangs over its new management team and investors and industry spectators alike are wondering how it will react to the changing industry landscape."

1 topic

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.


I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.