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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 LatestAnother quake for Hawke's BayEarthquake for Hawke's Bay this afternoon near Porangahau - the same area hit by quake measuring 5.2 earlier in the week Read MoreNot guilty pleas after ferry disasterTongan Court hears four men plead not guilty to manslaughter over Princess Ashika ferry disaster which killed 74 - adjourned to next month Read MoreDon't drink alcohol if you're pregnantLeave alcohol alone if you're pregnant, pleads Associate Health Minister Peter Dunne - 500 babies a year born with foetal alcohol syndrome Read MoreDonations rolling in for CanterburyBig bucks heading to Canterbury as businesses and other cities rally to support the earthquake-ravaged region with donations Read More |
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> Another quake for Hawke's Bay > Not guilty pleas after ferry disaster > Don't drink alcohol if you're pregnant > Donations rolling in for Canterbury SPORT > Turner the only change to Wallabies > North may be rushed in to start WEATHER > 5.3 quake hits Hawkes Bay & Wairarapa See All Today's Most Read Stories
> Toxic slugs spread
> Investigations into dancing taggers > Supermarket condemed > Fatal crash car had been speeding > Power out in Mt Eden Read More News on Your Mobile
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