Internet service provider iiNet passed $1 billion in revenue for the first time in history during its fiscal year 2014, the company revealed today. The ISP attributed the milestone result to a return to organic growth following a string of recent acquisitions. The growth saw 40,000 new broadband customers join the company over the past 12 months. “The most pleasing aspect of these results is our return to organic growth,” iiNet’s new CEO David Buckhingam said.
The ACT Government has awarded iiNet a five-year contract to offer free wi-fi to Canberra residents and visitors, with over 700 wireless access points to be rolled out across 12 business districts by June next year. iiNet will utilise Cisco technology to deploy 300 wireless access points in high traffic areas and 400 points within businesses across the city, connecting users with its fibre and VDSL2 broadband network.