Telecom New Zealand The nations number three telco carrier AAPT...

Telecom New Zealand

The nations number three telco carrier AAPT could be sold off, with Telecom New Zealand describing the business as non-core and saying it would give very careful consideration to any offer thats in shareholders interests. The subsidiary - now valued at $NZ500 million, about half the previous asking price - is said by the Fin to have received an approach from private equity, although other obvious potential suitors include Vodafone Hutchison Australia and Optus-owner Singapore Telecommunications