Amcom Telecommunications has sold 4.5 million of its shares in internet service provider iiNet, and says it will distribute its remaining 31 million iiNet shares to its shareholders on a pro-rata basis.

Amcom Telecommunications has sold 4.5 million of its shares in internet service provider iiNet, and says it will distribute its remaining 31 million iiNet shares to its shareholders on a pro-rata basis.