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iiNet Limited

Telecom completes sale of consumer division of AAPT

Telecom completes sale of consumer division of AAPT
Wellington, Sept 30 NZPA - Telecom Corp of New Zealand Ltd said the sale of AAPT's consumer division to iiNet Ltd (iiNet) for $A60 million ($NZ79 million) has been completed.

Telecom sells AAPT consumer business, iiNet stake

Telecom sells AAPT consumer business, iiNet stake
Wellington, July 30 NZPA - Telecom will receive $A140 million ($NZ175 million) from the sale of assets in Australia, though the company has failed to sell all of its AAPT business.

Telecom to sell AAPT consumer business, Australian reports

(adds Telecom shares in trading halt) Wellington, July 30 NZPA - Trading in Telecom shares is halted pending the outcome of discussions on the disposal of assets.

Telecom to sell AAPT consumer business, Australian reports

Telecom to sell AAPT consumer business, Australian reports
Wellington, July 30 NZPA - Telecom is set to sell the struggling consumer arm of its Australian business AAPT to Perth-based internet service provider iiNet for up to $A60 ($NZ74.6m) million, The Australian newspaper is reporting today.

Telecom considers AAPT deal in Australia amid speculation

Telecom considers AAPT deal in Australia amid speculation
Wellington, July 29 NZPA - Telecom said it is currently considering options for its Australian business AAPT. The statement came after speculation in Australian that Perth-based internet service provider iiNet will acquire part of the AAPT business.

Speculation mounts of AAPT deal in Australia

Speculation mounts of AAPT deal in Australia
Wellington, July 29 NZPA - Perth-based internet service provider iiNet has entered a trading halt ahead of a possible acquisition, according to a statement to the ASX. There is speculation in Australia that the company will acquire parts of AAPT from Telecom New Zealand.

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