iiNet aims for 15% market share this month: Malone

iiNet aims for 15% market share this month: Malone

ISP iiNet (ASX:IIN) has “no intention of slowing down” in FY11, according to managing director Michael Malone.

In a letter to shareholders, Malone said the company plans to continue to invest in its products and services, over the year, and to integrate recent acquisitions Netspace and AAPT into its operations.

iiNet is on track to reach a 15% share of the fixed broadband market after AAPT's consumer business is acquired this month.

“We believe scale is going to be a significant factor in the telecommunications sector in coming ears,” he said. “We need sufficient scale to maintain a high profile brand...and have sufficient credibility to play in the emerging content area.”

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Tags market shareiiNetTelecommunicationsMichael MaloneASX:IIN

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