Amcom Telecommunications (ASX: AMM) is planning to divest itself of its 23.4 stake in iiNet by distributing the bulk of its 35.5m shares among its shareholders in proportion to their shareholdings in Amcom.
This week we're running a series of articles looking at why it's unlikely that iiNet will be acquired anytime soon, despite Amcom's decision to divest its 23 percent stake in the ISP. Yesterday we looked at potential buyers; today we're looking at iiNet's executive team.
Speculation that iiNet will be acquired following a decision last week by Amcom to divest its 23 percent stake in the ISP is simply ill-informed. Our favourite Perth-based broadband provider isn’t going anywhere — and over the next week, every day we’ll publish one major reason why.