AAPT to be sold by Telecom New Zealand?

21 Oct 2013

Australia’s AAPT is said to have been put up for auction by parent company Telecom New Zealand, according to the Australian Financial Review, which claims a deal for the company could be worth more than AUD400 million (USD372 million). While a divestment of AAPT has long been suggested as an option for Telecom – in August 2013 the New Zealand-based company said a review of its strategy in Australia, which it aims to complete before the end of FY 2014 (end-June 2014), could include the sale of AAPT – a Telecom spokesman said the company did not comment on market speculations or rumours.

Australia, AAPT, Spark New Zealand Group