Editing IiNet (section)

===2010 acquisitions===

iiNet continued to grow through acquisitions by purchasing rival ISP [[Netspace]] in March 2010.<ref>{{cite web|url=http://www.iinet.net.au/press/releases/20100329-iinet-acquisition-netspace.pdf|title=iiNet announces the acquisition of Netspace|author=iiNet Limited|year=2010|access-date=2010-08-02|archive-url=https://web.archive.org/web/20100526182620/http://www.iinet.net.au/press/releases/20100329-iinet-acquisition-netspace.pdf|archive-date=26 May 2010|url-status=dead}}</ref> The deal, valued at $40 million, increased iiNet's total number of broadband subscribers to 520,000, and also followed the pattern of the [[Westnet]] takeover with Netspace remaining operational as a separate entity under iiNet.

In late July 2010, iiNet agreed to purchase [[AAPT Limited|AAPT's]] consumer operations for $60 million from [[Spark New Zealand|Telecom New Zealand]].<ref>{{cite web|url=http://www.asx.com.au/asxpdf/20100730/pdf/31rm6wqb3jpxc9.pdf|title=Acquisition of the AAPT Consumer Division, Exit of Telecom New Zealand from the register|website=iiNet|year=2010|access-date=2010-08-02}}</ref> As part of the acquisition, Telecom New Zealand entered into a block-trade agreement to sell their 18.2% share holding in iiNet to ''"institutional and sophisticated investors"'', a move viewed by many<ref>{{cite news|url=http://www.theaustralian.com.au/business/how-iinet-beat-the-pack-to-acquire-aapt-division/story-e6frg8zx-1225899237886|title=How iiNet beat the pack to acquire AAPT division|author=Mitchell Bingemann|access-date=2010-08-02|work=[[The Australian]]|date=2010-07-31}}</ref> as a defensive action against a takeover bid from industry rival [http://www.tpg.com.au TPG]. The purchase of AAPT increases iiNet's total broadband subscribers to more than 652,000 and total active services to more than 1,326,000.