Telecom New Zealand's AAPT May Be Sold by August, Australian Paper Reports
Stock Chart for Telecom Corp of New Zealand Ltd (TEL)
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.
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