Wednesday, July 24th, 2013 - Adam Internet
Telstra and Adam Internet today announced the intended acquisition of the South Australian based ISP would not go ahead.

23 July, 2013 - Telstra and Adam Internet today announced the intended acquisition of the South Australian based ISP would not go ahead.

The acquisition, announced in October 2012 and subject to the ACCC approval, had a contractual end date of 30 June 2013.

Telstra Chief Customer Officer Gordon Ballantyne said the ACCC had raised a number of concerns with the acquisition, which Telstra had attempted to address, but in the end had not been able to secure approval from the ACCC by the contractual end date.

“We are very disappointed by this outcome. We believe this transaction would have provided real benefit to Australian consumers and would have added new competition into the broadband market,” Mr Ballantyne said.

Executive Chairman of Adam Internet Greg Hicks said it was unfortunate the time frame could not be met.

“Adam Internet is disappointed this important condition precedent could not be achieved in a commercially acceptable time frame, and therefore we will no longer be proceeding,” Mr Hicks said.

Telstra media contact: Nicole McKechnie, 0429 004 617

Email: [email protected]

www.telstra.com.au/abouttelstra/media-centre/

Reference: 165/2013

Adam media contact: Greg Hicks

Email: [email protected]

Contact Profile

Adam Internet


Adam Internet provides high quality Internet services to residents, businesses and enterprise organisations across South Australia. Our services expand beyond the standard ADSL2+ broadband connection to include wireless and mobile broadband, VOIP services, data centre and private networking solutions to name a few. With over 25 years experience, Adam Internet is now recognised as one of the State’s top 100 fastest growing companies and one of the top 10 largest ISP’s (Internet Service Provider) in Australia. Adam Internet continues its impressive growth, employing around 200 staff and servicing tens of thousands of customers. The organisation has remained at the leading edge of technology and ahead of competition by partnering with key suppliers, returning profits back into South Australia's economy by investing in communications infrastructure, and delivering excellent customer support and value to its clients. To be eligible for the competition customers needed to either refer a mate or connect to Adam EzyChoice on a 24 months contract between 17th August and 2nd November 2011. Full terms and conditions apply and can be found at www.adam.com.au/mates

Clare Briggs
P: (08) 8423 4151
W: www.adam.com.au

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Telstra and Adam Internet today announced the intended acquisition of the South Australian based ISP would not go ahead.

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