Telstra buys Adam Internet in surprise agreement

25.10.2012
Telstra has purchased Adam Internet, the last independent ISP of South Australia, the telco confirmed this morning. The surprise deal is subject to approval by the Australian Competition and Consumer Commission (ACCC).

Telstra hasn't yet confirmed the price of the deal, but media reports .

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Telstra said it entered an agreement to acquire the smaller ISP and will "support the South Australian broadband business expand nationally."

Telstra said the acquisition fits into its growth strategy.

"Adam is a respected brand with a loyal customer base in South Australia," said Kate McKenzie, a Telstra director.