What happen to the big deal from Privately-held Pacnet.
Just a reminder, Pacnet is offering $US420 million for Telecom Corp of New Zealand's AAPT, 2-12-08
Telecom NZ eyes tie-up as AAPT profit slumps 59%Matt O'Sullivan
February 14, 2009
AAPT'S continuing decline in profitability has fuelled speculation that Australia's third-largest fixed line carrier will be to be folded into a merged Vodafone and Hutchison business.
http://business.smh.com.au/business/telecom-nz-eyes-tieup-as-aapt-profit-slumps-59-20090213-873b.html
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