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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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Telecom NZ on brink of Amcom buy? By Steven Deare, ZDNet Australia February 08, 2007 URL: http://www.zdnet.com.au/news/communications/soa/Telecom-NZ-on-brink-of-Amcom-buy-/0,130061791,339273519,00.htm
in brief Amcom Telecommunications has flagged plans to soon make a major announcement, following reports Telecom New Zealand approached the company for a possible aquisition. Amcom this morning suspended trading on the Australian Stock Exchange pending the announcement. Earlier reports said a Telecom takeover of Amcom could fetch up to AU$80 million. Such a deal would also give Telecom a major stake in Perth-based telco iiNet, solidifying the Kiwi telco's position as a major player in the Australian telecommunications landscape. Telecom is currently negotiating a takeover of Sydney-based telecommunications provider PowerTel, which has a 17 percent holding in iiNet. Amcom has a 19 percent share in iiNet.
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