Telecom New Zealand's bid for PowerTel will create a significant new player in the Australian telecommunications market.
update: Telecom New Zealand announced today that it will acquire PowerTel, valuing the Australian business and wholesale telco at AU$357 million.
Telecom New Zealand subsidiary AAPT will resell PowerTel's ADSL2+ offering, joining fellow Internet service providers Westnet and likely Netspace in getting access to the broadband network substantially owned by iiNet.
Telecom New Zealand has no immediate plans to sell its troubled Australian business following the completion of a strategic review into AAPT's future.
The new bosses of troubled telco AAPT will split their time between Australia and New Zealand as the company's Kiwi owner, Telecom New Zealand, applies a shared accountability model it claims has worked wonders in its homeland.
Your intrepid reporter sacrifices his personal life and credibility to go deep undercover and cover the annual dinner of the Service Providers' Association, Hunter S. Thompson style.
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