DataRoom AM: Phone it in

TPG looks a likely suitor for AAPT, while investors bet the WCB bidding war has a long way to go.

Telecom New Zealand appears finally ready to rid itself of the pain of its AAPT purchase from a decade ago, with TPG seen as a likely buyer. Then again, we’ve been here before and learnt it ain’t over until a certain someone sings. Meanwhile, dairy jostling has investors in a froth, Rio Tinto teams with IBM, BHP Billiton opts out of the Indian oil and gas sector and Anchorage wants National Australia Bank to offload some distressed agricultural loans.

Telecom NZ, AAPT, TPG, Vodafone Australia

Telecom New Zealand is keen to finally put the agony of its $2 billion AAPT purchase behind it, placing the telecommunications group on the auction block again, various media reports suggest.


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