Feeds

Telecom New Zealand exits Australia with AAPT sale

TPG gets intercapital fibre at last

Security for virtualized datacentres

The last remnant of one of Australia's first batch of competitive telecommunications carriers, AAPT, has been sold to TPG for $NZ450 million (about $AU410 million).

The sale marks the exit of Telecom New Zealand from the Australian market. In 2010 TNZ sold AAPT's consumer customers to iiNet for $NZ60 million.

TPG outbid rivals iiNet and the Ontario Teachers' Pension Plan to win the deal.

According to the New Zealand Herald, the sale was managed by Goldman Sachs, and the price represents a 6.4 multiple of AAPT's EBITDA of $NZ70 million.

AAPT was snapped up by TNZ at the height of the dotcom boom for more than $AU2 billion, in a deal proposed in 1999 and finalised early in 2000.

The acquisition gives TPG AAPT's east coast intercapital fibre network that links Melbourne, Canberra, Sydney and Brisbane, along with a number of regional centres, as well as metro links connecting more than 1,500 business locations and AAPT data centres in major capitals. This would complement the metro fibre networks TPG acquired when it purchased PIPE Networks in 2010.

TNZ will use the cash from the sale to pay down debt. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.