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Bids in for AAPT
Telecom New Zealand has received four bids for its Australian unit AAPT, according to Reuters.
They are from: TPG Telecom, Pacnet, Quadrangle Group and Optus.
Goldman Sachs JBWere is understood to be helping AAPT in its attempt to sell.
The decision to…
Telecom New Zealand has received four bids for its Australian unit AAPT, according to Reuters.
They are from: TPG Telecom, Pacnet, Quadrangle Group and Optus.
Goldman Sachs JBWere is understood to be helping AAPT in its attempt to sell.
The decision to sell comes amidst declining revenues for AAPT.
In 2009 it generated A$760m (US$700m) in revenue, down from AU$1bn on the previous year. EBITDA was also down by A$27m and stood at A$73m.
