TPG Telecom buyout

Australia's TPG Telecom to buy rival iiNet for $1.1 billion

Australia`s TPG Telecom Ltd on Friday said it will buy domestic Internet services provider iiNet for A$1.4 billion ($1.1 billion), in a deal that could provoke a counter offer from larger rival Optus.

Mar 14, 2015, 09:39 AM IST