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Broadband

AAPT emerges as potential buyer of NextGen

Monday 8 October 2012 | 11:36 CET | News
Telecom New Zealand subsidiary AAPT has emerged as the latest potential buyer of international contractor Leighton Holdings' national fibre-optic network operator, NextGen Networks, reports The Australian. NextGen's cable assets have attracted the interest of TPG Telecom, iiNet and M2 Telecommunications but now AAPT is also seriously considering making a tilt at the company. It is understood that iiNet would not pay anywhere near the AUD 1 billlion price tag touted for NextGen, with sources saying the company is no longer interested in the sales process, preferring to focus on growth

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Categories: Fixed
Companies: AAPT / iiNet / M2 Telecommunications / Spark New Zealand / TPG
Countries: Australia
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