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Telecom has announced the sale of part of its Australian business. It has sold the consumer division of AAPT to iiNet Limited for $75 million. The telco has also announced the sale of its stake in iiNet to institutional investors for $87 million. Telecom chief executive Paul Reynolds says the sale will strengthen the company's financial position and help reposition AAPT's operations for future growth.
View All NZ LatestCanterbury wins SBW's debutCanterbury has beaten Bay of Plenty 28-9 as star recruit Sonny Bill Williams made his debut in the ITM Cup in Christchurch. Read MoreTVNZ cut up the credit cardsNearly all TVNZ employees from prime time presenters to senior executives will be affected by the decision to cut up staff credit cards Read MoreMeth lab bust in WhangareiA Whangarei methamphetamine lab has been busted by police this afternoon, two men aged 31 and 44 are being questioned Read MoreCalls for change to Arms ActCoroner David Crerar is calling for laws around onwership of semi-automatic firearms to be reviewed after last years Napier seige Read More |
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> Fire claims life, examination in progress > New lung cancer drug > Possible lead in McCann case > Did SCF observe terms of scheme? Read More News on Your Mobile
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