Telecom attracts 4 bidders for AAPT - report

Friday 16 April 2010 | 02:43 CET | News
Four bidders are vying for Telecom New Zealand's Australian telecommunications unit, AAPT. The four bidders are Australian telecommunications firms Optus, TPG Telecom, Pacnet, and private equity company Quadrangle Group, Reuters reports citing a source close to the matter. AAPT has seen its revenues decline in 2009 to AUD 760 million, from AUD 1 billion in 2008, while EBITDA dropped to AUD 73 million from over AUD 100 million a year earlier.

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Categories: Fixed
Companies: AAPT / Optus / PacNet / Spark New Zealand / TPG
Countries: Australia / New Zealand
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