iiNet has given confirmation to the Australian Stock Exchange that it is planning to acquire the consumer business of AAPT for a sum of $60 Million AUD. This acquisition will result in iiNet taking on an additional 113,000 DSL customers along with approx. 251,000 other consumer connections. The acquisition is expected to have occured in full in September this year.
The deal will also mean iiNet takes over AAPT's webmail domain, consumer billing system and also AAPT's outsourced consumer call centre in Manila, Philippines (comprising about 250 staff members). Around 40 of AAPT's employees will also transfer under iiNet wing whose roles are to continue managing the billing and other core systems.
Full details about the acquisition plans over at the source.
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