Telecom New Zealand's AAPT May Be Sold by August, Australian Paper Reports

AAPT Ltd. could be sold as early as August if its owner, Telecom Corp. of New Zealand, accepts one of several offers for the business, the Australian newspaper reported, citing AAPT sources it didn’t identify.

A group of private equity companies as well as TPG Telecom Ltd. have approached Telecom NZ with proposals to buy AAPT, the report said. Those offers have so far been rebuffed.

To contact the reporter for this story: Jacob Greber in Sydney at jgreber@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.