TPG Telecom to buy Telecom's AAPT - report

Friday 7 May 2010 | 04:08 CET | News
Telecom New Zealand will sell its Australian subsidiary AAPT to Australian telecommunications firm TPG Telecom. TPG bid around AUD 440 million for the company, Reuters reports citing a source close to the matter. Telecom picked TPG as the preferred bidder over three other bids submitted by Pacnet, private equity firm Quadrangle Group, and Australia's Optus. TPG recently also acquired network business Pipe Networks.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: AAPT / Optus / PacNet / PIPE Networks / Spark New Zealand / TPG
Countries: Australia / New Zealand
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Final bids for AAPT due 16 July - report

Published 13 Jul 2010 10:14 CET | Australia
Final bids for Telecom New Zealand's Australian subsidiary AAPT are due by 16 July, the Australian Financial Review reported, ...

Telecom attracts 4 bidders for AAPT - report

Published 16 Apr 2010 02:43 CET | Australia
Four bidders are vying for Telecom New Zealand's Australian telecommunications unit, AAPT. The four bidders are Australian ...

Court clears TPG's takeover of Pipe Networks

Published 17 Mar 2010 23:59 CET | Australia
Australian network company Pipe Networks has been cleared to finalise the takeover by TPG Telecom. Queensland's supreme court has ...