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Newsmaker – Paul Broad

PowerTel managing director Paul Broad has been appointed a non-executive director of iiNet. Mr Broad has previously served as managing director of Energy Australia and chief executive of the Sydney Water Corporation and the Hunter Water Corporation. He was a founding director of PowerTel in 1999. iiNet and PowerTel announced a strategic alliance last week, giving the two companies access to each other’s infrastructure and giving PowerTel the exclusive ability to deliver wholesale access to iiNet’s ADSL2+ network. Mr Broad’s appointment to the iiNet board follows the placement of 12.6 million iiNet shares to PowerTel. The shares have now been issued with PowerTel holding 10.3 per cent of iiNet. Senior management from the two companies are expected to complete a joint network plan by August this year.

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Share Transactions

02/03/15
$25k Bought
03/09/14
$23k Bought
03/09/14
$4k Bought
Total value as at the date of the transaction
Source: Morningstar

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