iiNet in strong position for NBN roll-out
02 February 2011: iiNet Limited (ASX: IIN), Australia's second largest DSL service provider, has reinforced the company's enthusiasm about the National Broadband Network (NBN), and the increased market opportunities it will bring for the ISP.
iiNet Managing Director, Michael Malone emphasized that the ISP will be one of only a few to really benefit as iiNet outlined its approach to the NBN, following the release of the NBNCo business plan.
"Perhaps half of the premises in Australia have been denied access to true broadband competition, but the NBN changes all that.
"Not only do we double the available market for our services, but the proposed NBN pricing looks attractive for both iiNet and our customers," Mr Malone said.
iiNet released figures today that showed the company was one of the few ISPs continuing to expand its customer base organically, as it grew by more than 7000 additional broadband subscribers during the second half of 2010.
"We have been preparing for this growing maturity in the broadband market by building scale and diversifying into fresh territory, like Fetch TV, mobile voice, Netphone, and a new suite of innovative consumer products from our iiNet Labs, to ensure our long term growth.
iiNet analysis confirmed that consolidation in the sector had accelerated with the four largest providers now accounting for 83 per cent of the fixed broadband market in Australia.
"As a big player at the forefront of product innovation and customer service, iiNet is best placed to reap the benefits of the NBN world," Mr Malone concluded.
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