Telecom’s AAPT unit up for sale again, AFR reports

Mon, 21 Oct 2013

By Paul McBeth Oct. 21 (BusinessDesk) - Telecom Corp is sniffing the wind for potential buyers of Australian AAPT unit again as it overhauls its business under new chief executive Simon Moutter, according to media reports. The Australian Financial Review today reported AAPT has been put up for auction, with a value likely to be between A$250 million and A$300 million. Investment bank Goldman Sachs is said to be managing the deal. A spokesman for Telecom said the company doesn’t comment on market speculation. Telecom sold its AAPT consumer...

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