Utilize the input text as a context reference, choose the right relationship between iiNet and internet service provider from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

On that basis, Melbourne-based Belulah, which has about $400 million in funds under management, had internet service provider iiNet in its portfolio before TPG tabled its bid, but Toll Holdings, Oil Search and Asciano did not meet its criteria.

Answer: industry