The main thing against AAPT is the $ required. If IIN have an underwriter from say Maquarie then this is not an obstacle (provided the market thinks the deal makes good business sense).
Having just finished the Ozy merger is a reason to do another one not sit on the sidelines. They now have the expertise to exectute these transactions. If you don't use this capability you will soon lose it.
Other advantages of AAPT: Its cheap now after TLS has disrupted the market. May not be so cheap after ACCC decision. AAPT customers could be migrated to DSLAMS to fatten margins. Gives them a operational telephone capability so they can head towards a fully integrated service model. Gives them more scale, and this is a scale business.
IIN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
