Optus to take over AAPT

13 Oct 2005

Fixed line operator Optus is preparing for a second attempt to take over rival operator AAPT. According to AAPT’s parent Telecom New Zealand, it has been approached by a number of parties about a sale of, or an alliance with AAPT, and Optus is the frontrunner. Vodafone, Primus, Commander Communications, SP Telecom and Macquarie Bank have also been named as potential buyers. Optus attempted to buy AAPT in 1999, but the move was opposed by the competition regulator. Optus generated revenues of AUD1.2 billion (USD913.32 million) in 2004.

Australia, AAPT, Optus