Pacnet may well have broader ambitions in Australia. Perhaps the figures being quoted for AAPT include the cost of a consolidation play.
Australia's third tier telco sector is ripe for someone to consolidate various businesses.
Futuris is selling its 23 per cent shareholding in Perth-based Amcom Telecommunications, which owns fibre networks in Perth, Adelaide and Darwin. That stake is worth about $10 million.
Amcom owns an 22 per cent shareholding in retail broadband supplier iiNet which is worth about $40 million. AAPT owns about 18 per cent of iiNet.
