iiNet mobile business needs more work: CEO

The ISP plans to release mobile handsets later this year

iiNet chief executive, Michael Malone, admitted the internet service provider’s mobile business required more work during the announcement of its first half year 2012 result.

“I don’t think we’re doing a great job in terms of mobile, it’s something we’d probably need to get serious about,” he said.

However, Malone said TransACT, which iiNet acquired for $60 million in November 2011, is performing well in the mobile sector.

“In the case of TransACT, we provide handsets and have been doing so for about two years in retail stores in Canberra,” TransACT chief executive, Ivan Slavich, said.

“We’re also on the Commonwealth government panel to sell mobile phones and recently signed a deal with Apple to resell Apple iPhones to the Commonwealth government, and we expect to move ahead with the Commonwealth government in terms of handsets.”

Malone also revealed the company, along with Internode, will be releasing mobile handsets toward “the end of this half”.

iiNet reported it currently has about 80,000 mobile customers, with the figure including less than 10,000 mobile broadband customers.

The ISP posted today record half year earnings for the six months ended 31 December 2011, with revenue up 11 per cent to $365 million.

It attributed the growth to a strong business strategy, in addition to its recent acquisitions of Internode for $105 million and TransACT.

Follow Diana Nguyen on Twitter: @diananguyen9

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