update: Perth-based telco Amcom today confirmed it had held discussions -- at some point -- with Telecom New Zealand, but not about a possible acquisition scenario.
Diversified industrial firm Futuris today said it intended to sell its 50 per cent stake in local telco Amcom speedily, as industry speculation intensified over who would be a likely buyer.
Telecom New Zealand was today suggested as a possible buyer of the 50 per cent stake in Perth telco Amcom being sold by Australian agribusiness and car parts supplier Futuris Corporation.
Local telco Amcom Telecommunications has moved to shore up its future by buying back some of the 50 per cent stake its partial parent Futuris had been looking to sell.
Amcom Telecommunications has flagged plans to soon make a major announcement, following reports Telecom New Zealand approached the company for a possible aquisition.
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