Big player gets even bigger.

Internet service provider TPG has made a $1.4 billion play for iiNet, in a move that will see the combined group leapfrog Optus to become the country's second largest broadband provider.

The buyout will create a telco with combined revenues of $2.3 billion.

The deal would see TPG's customer base balloon to 1.7 million subscribers - including iiNet's more than 60,000 NBN and fibre subscribers - "delivering scale benefits in an NBN environment".

TPG said the acquisition would strengthen its national play and "complement [TPG's] existing value-based strategy...

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