TPG Telecom hoses down 2Degrees speculation

Mon, 22 Aug 2016

By Paul McBeth Aug. 22 (BusinessDesk) - TPG Telecom, the Australian company that bought Spark New Zealand's AAPT business in 2013, has hosed down speculation it's on the verge of buying Two Degrees Mobile. Australian media reported the ASX-listed company founded by billionaire David Teoh was nearing a deal to buy 2degrees for as much as $900 million after the New Zealand mobile operator gave up on a planned $150 million initial public offering. In a statement to the ASX, the Sydney-based company said "it is not currently in discussio...

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