TPG bid tipped for AAPT

Telecom NZ's Australian wholesale broadband arm set for the auction block.

Telecom New Zealand has set a Christmas deadline to find a buyer for its Australian wholesale broadband arm AAPT.

AAPT, a wholly owned subsidiary of Telecom New Zealand, is being positioned for the auction block with David Teoh's TPG Telecom (TPM) shaping as a potential buyer, according to sources with knowledge of the sales process.

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