Speculation that TransACT is for sale has popped up on a fairly regular basis as far back as 2004, and in 2009, but this time, the Australian Financial Review is reporting “final negotiations” from behind its paywall.
TransACT was an early entrant into infrastructure-based competition in Australia, building a fibre / VDSL network in Australia’s capital that was established in 2000. As well as its network operations, the carrier operates data centres in the ACT, and in 2008 acquired Victorian regional HFC network operator Neighborhood Cable.
Acquisition of TransACT would give iiNet more than just a residential network: over time, the company has also made its way into both state and federal government agencies. The Canberra company also claims 5,000 SME customers, a market that iiNet is increasingly targeting with new services.
UPDATE: Smart Company is reporting a trading halt on iiNet amidst speculation they’re about to announce the move:
Telco iiNet has been placed in a trading halt ahead of what is reported to be a move to acquire Canberra ISP TransACT.
The move comes after the Australian Financial Review this morning reported the company has been speaking with ISP TransACT and that negotiations were in a late stage.
Such a deal would see iiNet take control over some infrastructure elements including networks in Canberra and Victoria.
The move comes after iiNet has already bought out AAPT’s residential customer base earlier this year.
iiNet has requested a trading halt until Friday, or until it makes an announcement.