Internode may go public if Coalition wins

CEO says listing dependent on Coalition victory, NBN being scrapped

The possibility of Internode listing on the ASX would only happen following a Coalition victory and scrapping of the National Broadband Network (NBN), according to its chief executive officer, Patrick Tapper.

Tapper said the company would be forced to raise funds to accelerate deployment of its own broadband infrastructure.

"It's difficult to predict the nature of such a change, and we'd need to make a full assessment at the time should that eventuate," he said.

"If the NBN keeps going, Internode would have no need to pursue a listing."

Tapper added that the company had no plans to acquire another internet service provider (ISP) in order to list.

However, the ISP was investing in more DSLAMs — the technology that allows ADSL2 connections — and plans to have a total of 208 exchanges across Australia.

At present, it has 188 active exchanges and Tapper said the exchange expansion was driven by each exchange's capacity and by customer demand.

When asked if Internode was ripe for acquisition, following its recent restructure of the technology team, Tapper said this was not the case.

"That process was driven by Internode's need to optimise that [technology] team's structure so we can capitalise on opportunities created by the NBN," he said.

According to Tapper, the company's revenues continued to grow across both residential and the enterprise and government sectors.

"We're also innovating with new services, such as the launch of FetchTV internet protocol television [IPTV] earlier this year,” he said.

“The mining sector in remote locations is not a clear target market for Internode.”

The company is also taking advantage of the Ultra Fast Broadband (UFB) rollout in New Zealand, and offers Internode Business Connect (IBC) private IP network service to companies with offices across the Tasman.

However, there are no plans to make a "major expansion" within New Zealand, Tapper said.

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow Computerworld Australia on Twitter: @ComputerworldAU

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