iiNet sells Canberra-based fibre network to NBN for $14m iiNet has sold its Canberra-based fibre network to the NBN Co for close to $14 million. The fibre-to-the-premise network, which iiNet acquired as part of its $60m buyout of Canberra-based telco TransACT in late 2011, covers about 8500 premises with another 4500 premises planned or already under construction.