Ihug’s parent company, Perth-based iiNet, has entered into a strategic alliance with business and wholesale telecommunications provider PowerTel, in a cash deal worth almost A$14 million (NZ$16.6 million).
Australia's third largest ISP iiNet yesterday advised the Australian Stock Exchange that its financial performance in the March quarter has been well below expectations, according to chief financial officer and company secretary Stephen Fewster.
Ihug’s parent company, Perth-based iiNet, says that with completion of its dedicated transmission circuits between Auckland and Sydney, it is now exchanging routes from across the Tasman at the Auckland Peering Exchange (APE). Similar peering at the Wellington exchange (WIX) is coming soon, iiNet says.