Perth-based internet service provider iiNet Ltd has successfully sold its New Zealand subsidiary ihug Ltd to Vodafone New Zealand for $36 million, an amount it claims was around $6 million above book value.
PERTH-BASED ISP iiNet Ltd has confirmed plans to sell its New Zealand business, ihug Ltd, confirming speculation first reported in WA Business News two months ago regarding the subsidiary, which could
Perth-based ISP iiNet Ltd today announced plans to sell its New Zealand business ihug Ltd, confirming two month's speculation regarding the subsidiary which could raise at least $30 million.
20 Jul 2006
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