iiNet to be one of few to benefit from NBN: Malone

iiNet to be one of few to benefit from NBN: Malone

ISP iiNet (ASX:IIN) will be one of the few to benefit from the NBN, according to managing director Michael Malone.

The company is one of the few ISPs managing to expand its customer base organically, Malone claimed, adding 7,000 subscribers in 2H11.

“As a big player...iiNet is best placed to reap the benefits of the NBN world,” he said.

“Not only [will] we double the available market for our services, but the proposed NBN pricing looks attractive for both iiNet and our customers.”

He said iiNet's analysis had shown that consolidation in Australia's fixed broadband sector was accelerating, and that the four largest providers now accounting for 83% of the market.

Malone has weighed in on consolidation in the past, claiming that there are only four and a half meaningful fixed broadband competitors left – to the chagrin of Internode, which Malone claimed was the half.

IIN shares grew 1.5% in Wednesday's trading following Malone's comments, but declined 0.37% by midday Thursday to $2.690.

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Tags NBNiiNetconsolidationMichael MaloneASX:IIN

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