Menu
Menu
Telecom NZ (ASX:TEL) sells holding in Macquarie Telecom

Telecom NZ (ASX:TEL) sells holding in Macquarie Telecom

Telecom New Zealand (ASX:TEL) has sold its its stake in Macquarie Telecom (ASX:MAQ)for $9.9 million.

The sale has been arranged as part of Telecom New Zealand's plans to possibly sell off Australian unit AAPT. This subsidiary was the owner of the Macquarie Telecom stake.

Telecom said the sale has no impact on guidance, and that the carrying value of the stake was $9.5 million by June 30.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags macquarie telecomaaptASX:TELTelecommunicationsMergers and acquisitionsTelecom NZ

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO