Ann: iiNet Shareholders Vote in Favour of Scheme of Arrangement, page-5

Thanks Thereabouts, Reading this I am confused with this part -
" Buying iiNet also makes TPG a fearsome force the NBN desperately needs in order to turn a profit. TPG can choose to offer low-cost plans over Telstra's older network if it chooses to do so – a move that would have a direct impact on the NBN's earnings.
It will also be able to offer iiNet customers access to a growing network of apartment buildings and offices with fibre-to-the-basement services that use TPG's own networks. This takes high-value customers away from the NBN and hands the profits to TPG and its shareholders.""

I suppose he meant to write -
Buying iiNet also makes TPG a fearsome force threatening the very thing that the NBN desperately needs in order to turn a profit. TPG can choose to offer low-cost plans over Telstra's older network if it chooses to do so – a move that would have a direct impact on the NBN's earnings.
It will also be able to offer iiNet customers access to a growing network of apartment buildings and offices with fibre-to-the-basement services that use TPG's own networks. This takes high-value customers away from the NBN and hands the profits to TPG and its shareholders.""

The other bit that doesn't make sense to me is - ""Finally, the acquisition of iiNet will also make it far more profitable for TPG to buy a mobile service provider with Vodafone Australia the most likely candidate."" I would think the argument would be about it being doable because it will be bigger coy to make such a tilt.

So please, in case I am completely miss-reading the article tell me. If these observations are valid then it must call into question the whole item.

I want TPG to go well with the IIN takeover. I want to read good stories about the future. But I do not want to read rubbish.

I can see that there will be more consolidation in the Telco arena.
If this was the ocean, then TPG have been the white pointers so far.
I have looked for the minnows but the future will be with the bigger fish for sure.
As for Vodafone being the next kill.....?

Regards,