AAPT gets thrown a lifeline
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.
http://www.businessspectator.com.au/bs.nsf/Article/AAPT-gets-thrown-a-lifeline-LXAE4?OpenDocument&src=sph
pacnet bids for aapt, page-4
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