TPG to buy AAPT for AUD 450 mln

Monday 9 December 2013 | 00:51 CET | News

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Australian communications provider TPG Telecom has agreed to buy AAPT from Telecom New Zealand for AUD 450 million on a debt- and cash-free basis. TPG will fund the acquisition by increasing and extending its existing debt facility. AAPT offers voice, internet, data and cloud services to business and wholesale customers via its national network. TPG said that the acquisition will add 11,000 km of fibre across six states and territories, fibre access to 1,500 premises, 15 data centres across all major capital cities, and widespread mid-band Ethernet capability to the company. Telecom New

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Categories: Fixed
Companies: AAPT / Telecom New Zealand / TPG
Countries: Australia / New Zealand
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