iiNet expects up to $80m ebitda in FY10

iiNet expects up to $80m ebitda in FY10

ISP iiNet (ASX:IIN) expects FY10 ebitda to be in line with the upper end of its guidance of $75 million to $80 million, the company has revealed.

Presenting at the Morgan Stanley Emerging Companies Conference 2010, iiNet said it was already feeling the benefits of its acquisition of Netspace and Westnet.

But even after these buys, iiNet has a strong balance sheet with continued low gearing, it added.

The company is closing in on its target of a 15% share of the DSL market, and is now in a clear third place by subscribers.

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Tags Mergers and acquisitionsiiNetTelecommunicationsnetspacewestnetEBITDAGuidance

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