I spent a lot of time trying to get SGT/Optus figures but gave up that exercise in futility.
The AAP Business and Internet segment provides EBITDA, while I DO NOT HAVE EBITDA for the sub-segments you demand.
But even if these sub-segments do have better margins than the whole, my initial suggestion that UEC would help the AAP B&I EBITDA margin, is valid.
As is my argument for UEC's vastly superior growth over SGT (sic) and TEL (sic). Inferring a higher EBITDA-multiple for UEC.
The key analyst concerns I heard about TLS was that their broadband growth would cannabilise their dial-up. Whereas UEC may match (or half match) that growth without any self-amputation.
In summary I believe I wrote what I meant to write, and don't consider myself responsible for any misinterpretations by you.
And consider that a takeover by SGT or TEL makes the most sense. Far more than the whimsies of the Chairman of NullaborTel.
