Shares in TPG Telecom, which purchased iiNet last year, have plunged almost 19 per cent with investors disappointed by its underlying results, dividend and outlook.
Australia's retail broadband market, which is dominated by Telstra, Optus and TPG Telecom, needs to lift its game and give consumers better information on broadband speed, the competition regulator says.
The owners of third-ranked mobile player Vodafone say they are committed to the Australian market amid mounting speculation that telco provider TPG Telecom could make a play for the group.
Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.
Internet provider TPG Telecom has forecast a strong end to the financial year after its interim net profit nearly doubled, thanks to its $1.56 billion takeover of Perth-grown rival iiNet.
SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth's data storage capacity, and into new high-speed subsea cables.
The rollout of Australia's new superfast broadband network NBN is gaining traction as the company in charge of building and operating the service delivers strong results.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
TPG Telecom is raising $300 million through a placement of shares to local and overseas institutions to repay debt accrued during its acquisition of Perth-based rival iiNet.
The competition watchdog has given the go-ahead for Vocus Communications to merge with M2 Group in a $3 billion deal that will create Australia's fourth largest telco.
Subiaco-based iiNet is a major sponsor of the Hawthorn Football Club with its HQ almost next door to where the Hawks meet West Coast Eagles tonight, yet we haven't seen the same kind of enthusiasm
The final step in TPG Telecom's takeover of iiNet is due to happen today, when iiNet shareholders will be paid $9.55 per share, however, staff and customers face an uncertain future.
The corporate watchdog has warned that a future merger between any two of the remaining fixed broadband suppliers would raise serious concerns, while also giving the go-ahead for TPG Telecom's $1.6 billion takeover of iiNet.
Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.
With the takeovers of iiNet and Amcom Telecommunications heading into the final stretch, the investment bankers and other advisers that worked on these deals will be looking forward to a very handy pay day of more than $40 million.
iiNet chairman Michael Smith has welcomed an independent expert's review of TPG Telecom's proposed $1.6 billion takeover of the Subiaco-based internet services provider.
TPG Telecom has lifted its stake in Amcom Telecommunications to 19.9 per cent, making it harder for Amcom to win approval at next week's shareholder meeting for its planned merger with Vocus Communications.
TPG Telecom has quickly won backing from iiNet after lifting its takeover offer to $9.55 per share, with cash and scrip alternatives, as it fends off a rival bid from Dodo owner M2 Group.
Perth-based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.
The fate of Perth companies iiNet and Amcom Telecommunications rests with Sydney competitor TPG Telecom and its reclusive chairman David Teoh, and possibly with the competition watchdog, after a day of surprises.
Shares in internet market target iiNet surged again today to a new intra-day high before closing at around $10 each in line with yesterday's formal bid from M2 Group.
The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.
Founder and minority shareholder of iiNet, Michael Malone, has emerged as another critic of the $1.4 billion agreed takeover of his former company, as chairman Michael Smith sought to defend the deal with rival TPG Telecom.
Perth's status as a significant outpost in the national information and communications technology sector could be threatened by the likely loss of key major local headquarters following recent mergers and acquisitions activity.
Sydney-based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly takeover offer, with shares in both the bidder and its Subiaco-based target rising strongly as investors welcomed the combination as a logical strategic fit.
National healthcare group Healthscope has lodged its prospectus ahead of a float worth up to $2.5 billion, the biggest initial public offering in Australia in 2014.
INTERNET service provider Eftel has announced an acquisition deal under which majority ownership of the Perth business will pass to the shareholders of Melbourne-based Club Telco Pty Ltd.
