EDITOR'S NOTE

Good afternoon,

After close to a week of negotiations, SP Telemedia has finally agreed to splash out $373 million to acquire PIPE Networks.

The deal - which values PIPE well above its current trading price - is an ambitious one that will stretch SP Telemedia's finances.

The company has little over a month to come up with a new debt facility to fund the deal.

-- Brett Winterford

MOST READ Day 14: iiNet confused by AFACT's techspeak Day 14: Film industry wants iiNet to block Pirate Bay access Day 13: iiNet CEO says BitTorrent dominates traffic Day 13: Honeypot becomes sticky point in iiNet trial Day 12: iiNet police referrals branded "cynical" LATEST COMMENTS "what bloody idiots at AFACT. Just drop the case. " on Day 18: Studios seek to deprive iiNet barristers of "beauty sleep" by Johnny' Nov 11, 2009 4:42 PM' "Regardless I think this case is premature as AFACT are yet to prove that their "evidence" of ..." on Day 17: Film industry attacks iiNet witness selection by Private Citizen' Nov 11, 2009 4:13 PM'

TODAY ON ITNEWS

By Brett Winterford | November 11, 2009

ISP makes bold, debt-fuelled bid.

By Ry Crozier | November 11, 2009

Claims ISP took inadequate steps to combat infringement.

By Staff writers | November 11, 2009

Undisclosed technology to deal with security.

By Ry Crozier | November 11, 2009

Film industry legal team was sleepless in Sydney.

By Staff writers | November 11, 2009

Former ALP Communications Minister Michael Lee to chair the board.

By Staff writers | November 11, 2009

Covers services for 80,000 installed base.

By Ben Grubb | November 11, 2009

Claims top spot on revenues, according to Ovum.

By Doug Washburn | November 11, 2009

Forrester Research offers best practice advice.

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