Telecom NZ approaches Amcom: report

AAP

08 February 2007 07:47 AM

Tags: telstra, telecom new zealand, iinet, amcom, aap, powertel

This story has either expired or is unavailable at the moment. If you require assistance, please e-mail us at edit@zdnet.com.au and we will help track down the story for you.

Like this article? Click below to send it to your mobile for free!

Talkback 1 comments

  1. $80mil what a joke! Try $150mil Anonymous -- 08/02/07

    Amcom are profitable & growing company that control their own costs. Amcom are the only credible backhaul & fibre alternative to Telstra in Perth, Adelaide & Darwin.

    They are well postioned to capitalise on the booming WA economy & the recently announced $1billion state government tender.

    Their network would be an logical extension to either PowerTel, Pipe Networks, Nextgen (Leighton) or Optus/Singtel/UeComm.

    But to PowerTel, Amcom also means control of iiNet.

    A merged AAPT/PowerTel/iiNet Telco would create a serious player in the Residential, Corporate & wholesale market both in Australia and NZ.

    With Pipe Networks PER trading at ~30:1 & PowerTel trading even higher prior to the Telecom NZ takeover bid surely valuing Amcom at $80 mil (PER of <14:1) is far too cheap!

    Add to this the relationship between Futuris' other company (Elders) has with Optus after their recent gov't funding bid and ask why would major shareholder Futuris expect anything less than a hefty premium over the current market price?

    Let the bidding begin!!


Sponsored content

Power Centre - Content from our premier sponsors

Blogs

Tags

Back to top

Featured